Dec 14, 2007 03:40 PM
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San Francisco, 3:52 AM
Wed Mar 17
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Nothing spreads holiday cheer like a rosy rash of firings as employees are starting to break out the eggnog. However they may try, there was no fooling CEO Ed Colligan into dispelling rumors he planned to heap coal — pink-slip shaped coal — into 100 stockings. The AP has confirmed that Palm has laid off 10 percent of its work force this week. These 115 souls were sacrificed to "focus and better align resources behind core initiatives" and "to ensure that our expenses are in line with projected revenues." Bah humbug to you, too, Ed. (Photo by lhoon)
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