Printer Friendly


SkillSoft (SKIL) plans to lay off approximately 120 employees "in various business units throughout the company." The firm said the decision came after an analysis of several cost savings initiatives as it developed its budget and operating plan for the fiscal year ending Jan. 31, 2010, with the intention of reducing salary and bonus costs by $7.5 million in fiscal 2010 as compared to fiscal 2009. A Canadian newspaper, citing anonymous employee sources, reported that the layoffs affected SkillSoft's offices in Fredericton, New Brunswick and Scottsdale, Ariz. SkillSoft has nine offices worldwide.

COPYRIGHT 2009 Business Publications, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:The Bottom Line
Publication:New Hampshire Business Review
Article Type:Brief article
Date:Jan 30, 2009
Previous Article:Creditors, trustee tighten squeeze on USA Springs: the company is looking to stave off liquidation.
Next Article:Stock check: representing a basket of stocks from N.H.-based companies or those doing a significant amount of business in the state.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters