Sunday, November 16, 2008

Caught Off Guard: LaGarde Files Bankruptcy

LaGarde, a software shop, has filed bankruptcy and removed nearly 40% of their employees via layoff. This brings them down to 27 employees from 47.

The company also serves as a good example to show how it is not only banks that have to absorb the impact and write down of their 'assett', but this company left some employees unpaid. There's some lost buying power for feeding the holiday sales machine.

LaGarde is headquartered in Olathe, Missouri.

Related:
Epic Fail: Epicor Software to Layoff Workers
Out of a Jobster: Jobster Cuts to Barebones
Symantec Virus Detected, it's the recession knocking

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