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A rocky start for Borland in 2009 but a timely move for its CEO

On Tuesday 6th January 2009, Borland made a number of gloomy announcements that, given the prior forecast for 2009 and the company’s poor quarterly returns were to be expected. The news that the company is reducing its workforce by 15% will undoubtedly be worrying for those affected but it is hardly unique in an industry [...]