Dec Prints Out A Batch Of Pink Slips
Bad news ahead for Digital Equipment's investors and employees. The computer maker is set to disclose on July 8 that it's cutting as many as 9,000 workers from its work force of 122,000. The cuts, say Digital sources, will include the first major reductions in the 30,000-person sales and support staff.
Digital, which has already admitted that slow minicomputer sales may make cuts inevitable, confirmed that it's preparing a July 8 announcement to employees but declined comment on the actions planned. Wall Street analysts have warned that in the quarter ended June 30, the company could write off as much as $300 million for layoffs and plant consolidations.