Evolve Software


will cut its workforce by about 10% as part of an effort to reach profitability.

The e-business software provider said the job cuts will help the company break even by the end of its 2002 first quarter, one quarter earlier than previously estimated.

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After the reduction, Evolve will employ about 350 people. The company expects to report a $1 million charge associated with the cuts in the current quarter.

Shares of Evolve, which is based in Emeryville, Calif., fell 13 cents, or 2.1%, to $5.75 in recent