Update: Novell to Reduce Workforce by 16%

Updated from 11:41 a.m. EDT

Novell(NOVL Quote) said Wednesday that it would cut 900 jobs, or about 16% of its workforce, and take a fourth-quarter restructuring charge of up to $50 million.

The layoffs, which will trim the total workforce to about 4,600, had been expected since the Provo, Utah-based network service provider disclosed in mid-August that its third-quarter earnings were down nearly 83% on weaker overall sales. The company had vowed to make internal changes to increase its profits.

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