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Gateway could cut work force by half

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On April 21, 2004, 1:31 PM EST

Hoping to turn a profit by year's end, Gateway executives are crafting a restructuring plan that could reduce the company's product lines and, in a worst-case scenario, slash its work force by half, sources familiar with the plans told CNET News.com.

Management is evaluating at least one scenario that would cut the work force to approximately 2,000 workers, about half the current number. The company is also looking at flattening management, consolidating some facilities and realigning some products.

Read more: CNet News.

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