OTHER NEWS - Dec. 6, 1991
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From Times Staff and Wire Reports
Lotus to Cut Up to 400 Positions: Lotus Development Corp. said it will cut about 10% of its work force and consider moving its Cambridge, Mass., headquarters to reduce expenses. The software maker will take a one-time charge of up to $18 million to cover the costs of the layoffs, which involve 300 to 400 jobs. President Jim Manzi said Lotus expects strong revenue growth in 1992 after a projected 20% increase this year.
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