Netik Cuts Staff
SPECIAL REPORT
LONDON--Integration vendor Netik made personnel cuts during the week of Nov. 11 in advance of a coming reorganization, a company spokesperson confirms.
The cuts were mainly in middle management in both the UK and US, leaving just under 100 total staffers. The spokesperson estimates the cuts represent less than a 30 percent reduction. A "management reorganization and change of business focus" are forthcoming but the company is sufficiently funded, the spokesperson says, providing no other details
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