Cutting to consolidate

Corel Corp. is shutting down operations in Minneapolis and consolidating business in Silicon Valley and China. The company says that about 50 Minneapolis staff will be cut, while a number will continue to work from home. “By concentrating our digital Corel.bmpmedia operations…we will be able to better leverage our global resources and talent while further improving the operational efficiency between our software development, product management, and marketing teams,” says Jeff Hastings, president and general manager of Corel Digital Media. Corel plunged into the digital media market in August 2006 with its US$196 acquisition of InterVideo, which makes multimedia DVD software. The restructuring will have little affect on operations at Ottawa headquarters, where only six of roughly 400 staff will be affected, according to Corel.

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