Merge Healthcare to cut almost 30% of workforce

In a bid to save $11 million to $12 million in expenses, Merge Healthcare (Merge Technologies) plans to eliminate 28 percent of its current workforce by March 31.

According to the news from HealthImaging.com; “The Milwaukee, Wis.-based company, with approximately 600 employees worldwide, said 160 employees will lose their jobs by March 31. Of the 160, approximately 45 layoffs will be in the United States and Canada, while 115 will be offshore in India.  The company said another 20 employees are expected to leave the company through attrition during the year, for a total reduction of 180 employees for 2008.”

Personally, I am quite disgusted that see people losing jobs because the company wants to save money by outsourcing those jobs but from a business point of view, I guess this is a viable option to stay afloat. I just hope that those people find a new job soon.