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Tech Industry

Vignette trims staff

The software maker cuts about 10 percent of its work force, bringing its year-to-date layoffs to more than 500 people.

    Software maker Vignette on Monday cut about 10 percent of its work force to cut costs, bringing its year-to-date layoffs to more than 500 people.

    The cuts affected about 196 employees of Vignette's total work force of 1,960, according to Maury Lane, a spokesman for the Austin, Texas-based company. Earlier this year, the company trimmed its work force by approximately 15 percent, or about 345 employees.

    Like many software makers struggling in the slowing economy, Vignette made cuts to reduce costs, achieve profitability, and focus on long-term revenue growth. The company develops personalization tools for e-commerce and content-management software.

    BroadVision, which competes in the same arena, has also had a challenging time as technology spending continues to soften. Last month, BroadVision laid off about 15 percent of its staff and warned that it would post a loss in its first quarter rather than a profit as anticipated.

    Laury said former employees will receive up to 12 weeks of severance pay and other incentives.

    Vignette, which has seen its shares drop 61 percent for the year, has recently been trading downward of $10 per share. Shares of the former highflier have hit a 52-week high of $69.66 and a low of $3.62.