In a regulatory statement made by Atari today, the company stated that it will be laying off 20% of its staff. The full quote is as follows:
"The reorganization plan reduces Atari's total workforce by approximately 20%, which includes a reduction of administrative workforce of approximately 26%. This plan was approved by the Board of Directors on April 10, 2007 and communication to employees was completed on April 30, 2007. The Company anticipates the workforce reductions to be completed by July 31, 2007 and will record a restructuring charge during fiscal 2008 of approximately $0.8 million to $1.1 million."
We have contacted Atari today to see how this will affect the UK operation - we have not as we go to live with this story had a response.
"The reorganization plan reduces Atari's total workforce by approximately 20%, which includes a reduction of administrative workforce of approximately 26%. This plan was approved by the Board of Directors on April 10, 2007 and communication to employees was completed on April 30, 2007. The Company anticipates the workforce reductions to be completed by July 31, 2007 and will record a restructuring charge during fiscal 2008 of approximately $0.8 million to $1.1 million."
We have contacted Atari today to see how this will affect the UK operation - we have not as we go to live with this story had a response.
Companies:
Atari
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