In brief: Syquest lays off 950 staff

By Julian Goldsmith, 10 August 1998 14:18

NEWS Syquest is making 950 staff redundant - approximately 85 per cent of its workforce - in an attempt to prevent further losses. The company, which pioneered removable disk drives and cartridges, made the announcement together with its third quarter results. The company has been making a loss of around $30m per quarter.

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