Supply chain management software maker i2 Technologies is yet again embarking on a plan to shed jobs and other...
expenses to try to fatten its bottom line and return to profit.
The company said it aimed to cut operating costs by 10% "through workforce, programme and other expense reductions in all its organisations and regions".
However, i2 also said it would invest money in sales and customer management to "stabilise revenues".
i2 chairman and chief executive officer Sanjiv Sidhu said, "We feel confident that the planned reductions will result in minimal customer impact."
The company also anticipated that by selling stock, it should be able to gain access to $42m it might need for the potential settlement of pending lawsuits against it.
An i2 spokeswoman said the company could not provide exact numbers on the upcoming layoffs but did "expect to have those final details at the beginning of April".
Marc L Songini writes for Computerworld