Progress Software Cuts Staff

Wade Roush12/4/09

In an announcement this week, Bedford, MA-based Progress Software (NASDAQ: PRGS) said it plans to reduce its global workforce by 12 to 14 percent as part of a restructuring of its sales, development, and marketing divisions. Some 220 to 260 workers will be affected, a spokesperson told the Boston Globe. Progress offers a large variety of software that helps companies automate business processes, and CEO Richard Reidy, appointed earlier this year, said in a statement that the restructuring will help Progress “go to market as one company, or ‘One Progress’, to more effectively offer multi-product solutions, support, and services.” We have updated the Boston Tech Layoff Tracker, which now stands at more than 13,500 jobs lost since mid-2008.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can e-mail him at wroush@xconomy.com or follow him on Twitter at twitter.com/wroush.