Palm Cutting Jobs

Susan Hall

Smartphone maker Palm has announced it is cutting its work force, but isn't saying how many employees it will shed, reports Reuters.


The maker of the Centro and Treo smartphones had 1,050 employees at the end of May, reports It laid off 130 people in its third quarter and 120 in its first quarter.


The company, facing competition from Apple's iPhone and Research In Motion's BlackBerry, is burning through cash as it creates a new generation of smartphones, which are expected to be released in 2009, reports Bloomberg.


It earlier announced sales would be down this quarter. At the beginning of 2008, some observers predicted the company wouldn't make it through the year.

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