Looks like 2009 Interwoven layoffs are imminent: up to 10% of the entire workforce, supposedly, + “everyone is projecting up to 20% drop in sales” (quoting my former Interwoven employee sources). Well, this is not really new news by now. The rumors have been circulating for several days now.
Interwoven’s SEC Filings Form 8-K dated 01/16/2009 explicitly states that “the Company plans to eliminate approximately 70 positions across all functions and reduce its use of contractors and consultants” by by the end of the Q1 2009. “Once fully implemented, the Company anticipates cost savings of this program to be approximately $8.0 million to $10.0 million annually.”
This, of course, is a “forward-looking” statement that “involves risks and uncertainties.”
If you’re an Interwoven Sales Engineer, you must be looking for a job. And I wish you the best of luck.