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Progress Software unveils strategic plan that includes layoffs of 10 to 15% of workforce

By Chris Reidy

 |  Globe Staff  

  April 25, 2012

Progress Software Corp., a Bedford-base maker of business software, unveiled a restructuring that includes layoffs as the company looks to evolve to a shift toward cloud computing. Progress is looking to become a leaner company by divesting non-core product lines and by workforce reductions. Plans call for the company’s global workforce to be reduced by 10 percent to 15 percent. A stock repurchase program is also part of the new strategic plan.

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