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Progress Software to eliminate up to 260 jobs

Will also sell off some product lines in bid to get ‘leaner’

By D.C. Denison

 |  Globe Staff  

  April 26, 2012

Progress Software Corp., one of the state’s oldest and largest software firms, will eliminate as many as 260 jobs - about 15 percent of the workforce - and sell off some product lines as part of a plan to become “leaner,’’ according to its new chief executive. The Bedford-based company, which has about 1,745 employees worldwide, did not say how many of its 600 Massachusetts workers will be affected.

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