The Government has offered Australia's three mobile operators, and vividwireless, renewal of their existing spectrum allocated on 15 year licences in the late 90s and early 2000s at set prices, while the Government expects to rake in $3 billion.
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Renai LeMay
Friday, 03 September 2010 10:30
Australian e-health giant iSOFT late yesterday revealed the full extent of the drastic action it will take in an attempt to halt its sliding financial fortunes, confirming plans to lay off 800 staff, constituting 17 percent of its total workforce, over the next financial year.
On Wednesday the company’s chief executive Gary Cohen (pictured) stepped down in the face of disastrous annual results over the past year that have seen revenues shrink. At the time iSOFT said it was planning to reduce staff numbers this year.
But sources said the company had already gone through two rounds of layoffs over the past year — one in November last year, and one in July. Late yesterday a company spokesperson confirmed those rounds had already seen 290 iSOFT staff lose their jobs, and a further 800 more would go over the next year — more than 17 percent of the company’s total global workforce of around 4,500.
A cursory search of business social networking site LinkedIn revealed a plethora of iSOFT staff who had recently left the company to join other firms such as Telstra and Microsoft, although it was not immediately clear which ones had been laid off and which had resigned.
iSOFT’s problems can be traced back to several issues.
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