Gateway Reports Loss, Announces Layoffs

KingFishKingFish
edited April 2004 in Science & Tech
Gateway on Thursday reported a larger-than-expected first-quarter loss due to restructuring charges, and it announced plans to lay off 1,500 more employees by the end of the year, reducing its number of people to about 2,000.
The news of the layoffs came as the PC maker, which acquired manufacturer eMachines in March in an effort to boost PC shipments, reported a preliminary loss of $166 million, 49 cents per share, on revenue of $868 million for the first quarter, which ended March 31.
Is the company in a death spiral or just trimming the fat? -KingFish

Source: ZDNet
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