Palm Inc. (PALM), the troubled maker of Treo smart phones, laid off about 10 percent of its work force this week to cut expenses, according to a person familiar with the situation.
The Sunnyvale-based company issued a statement Thursday confirming some layoffs were made as part of a restructuring. The person said Palm, which has a worldwide staff of 1,150, was eliminating more than 100 jobs. The person spoke on condition of anonymity because Palm did not publicly disclose the number of layoffs.
Palm's statement said the restructuring, which also included some reassignments, was part of its ongoing effort to "focus and better align resources behind core initiatives" and "to ensure that our expenses are in line with projected revenues."
Palm has struggled against stiffening competition over the past year. Some missteps, including product delays and the cancellation in September of a portable computer call Foleo, have compounded the problem.
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