Kronos Inc., a software company that makes electronic time clocks and workforce management software, has announced that it cut 8 percent of its staff.
Kronos employs around 3,300 workers globally, so the tally would be about 260 jobs eliminated. About 100 people were let go at their Chelmsford, Massachusetts hub.
In an issued statement, the company said, “Kronos conducted a realignment of its workforce based on current economic conditions and the outlook for 2009.”
Kronos has been developing software since 1977. In 2007 it was bought by Hellman & Friedman Capital Partners for $1.8 billion.
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