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Short Take: Lotus announces layoffs

Lotus has announced plans to lay off 45 employees as part of a cost-cutting and resource-restructuring initiative, said Paul LaBelle, a company spokesman. The layoffs--along with the 170 positions Lotus has cut already this year--represent only a small portion of the company's global workforce of 8,500. LaBelle declined to outline which departments and regions would be affected by the layoffs.

Lotus has announced plans to lay off 45 employees as part of a cost-cutting and resource-restructuring initiative, said Paul LaBelle, a company spokesman. The layoffs--along with the 170 positions Lotus has cut already this year--represent only a small portion of the company's global workforce of 8,500. LaBelle declined to outline which departments and regions would be affected by the layoffs.