Wednesday, January 14. 2009

Intergraph to Layoff 200

Intergraph acknowledged that it is laying off 200 people. The news was sent to employees yesterday. In a statement issued by the company:

"As a result of the unprecedented macro economic climate, Intergraph is taking prudent and responsible actions to reduce costs, improve efficiency and manage risk to assure our company’s long term prosperity. Regrettably, one of the actions to be taken is a reduction in our global workforce. Effective Jan. 13, 2009, the company began a program to reduce its workforce by approximately five percent, affecting approximately 200 of Intergraph’s 4,000 worldwide employees."

This is a relatively modest layoff given the depth of the current recession. And given that Intergraph is well positioned to capture some of the major infrastructure projects that may result from the economic stimulus package being considered by the incoming U.S. administration, it appears that the company is being cautious so as to not let go key personnel.

Posted by Joe Francica in Intergraph at 12:54 | Comment (1) | Trackbacks (0) |

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Intergraph is expected to begin a second round of workforce reductions in February 2009. The total number of employees expected to be affected is unknown, but another 200 or additional 5 percent cut would come to a 10 percent total for starting off 2009.

According to sources at CNET Intergraph has been struggling with lower than expected revenues for 2008, and lower cost competitors. Intergraph is also coming off a failed project with Boeing to install a border monitoring system that includes cameras, radars, and underground sensors.

#1 CNET Source on 2009-01-15 15:39 (Reply)

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