- The job cuts were primarily in the its professional services, technology, and corporate administrative functions and were completed on Wednesday, according to a filing with the Securities and Exchange Commission.
- The $5M is nearly all severance-related and will be a future cash expenditure, according to the filing.
- The company said the job cuts are "part of its on-going effort to reduce costs...in light of current economic conditions."

Other headlines for [CPWR]

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• CPWR 12/1/2008 09:12am
  Compuware Corp Update: Shares of CPWR, ITT initiated with neutral rating at Cowen
  

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