AdCalSys lays off 120%
Posted by Michael on Tuesday September 3, 2002 @03:38AM
from the unknown dept.
Squid writes: Accounting software firm AdCalSys Inc. surprised customers and investors alike Friday by laying off 120% of their current workforce. “We were shocked,” says an anonymous former employee. “My whole department was laid off, along with the rest of the building and at least 50 people who didn’t even work here.”
While there is no official word yet, this will likely derail the company’s planned third-quarter release of their new payroll and personnel management suite, already plagued by bugs.