The reductions will affect about 73 employees, bringing Caldera's total work force to around 400. The company said it would close its offices in Chelmsford, Mass., and Erlangen, Germany.
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The company said it now expects to report revenue of between $15.1 million and $15.5 million for the quarter ended April 30, down from previous predictions of between $16 million and $18 million. The Orem, Utah-based company cited economic weaknesses for the revision, adding that customers continue to expand their operations but at a much slower pace than in past years.
Losses have been building at Caldera, one of the few publicly traded companies that specializes in Linux software. Caldera posted aof $11 million on revenue of $17.9 million for its fiscal first quarter.
In March, Caldera announced a 1-for-4in an attempt to avoid being delisted from the Nasdaq market.