KNOWLEDGEWARE IMPLEMENTS REDUCTION IN FORCE
KNOWLEDGEWARE IMPLEMENTS REDUCTION IN FORCE ATLANTA, Nov 19 /PRNewswire/ -- KnowledgeWare, Inc.
(NASDAQ-NMS: KNOW) announced today that it will reduce its workforce by approximately 20 percent, eliminating approximately 200 employees.
The cuts will affect every area of the company except Research & Development, where no reductions will be made. KnowledgeWare is taking this action to reduce costs due to the continued recessionary conditions in the market which the company serves. Employees are being informed of the reductions today. Approximately 60 percent of the reductions will be in the company's Atlanta offices, with the balance in field offices across the United States. -0- 11/19/91 /CONTACT: Liz Simpson, or Richard Haddrill of KnowledgeWare, 404-231-8575/ (KNOW) CO: KnowledgeWare, Inc. ST: Georgia IN: CPR SU: PER BR-BN -- AT019 -- 5057 11/19/91 15:08 EST
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|Date:||Nov 19, 1991|
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