Feeds

Baltimore slashes 250 jobs as losses grow

PKI pickle

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

Security firm Baltimore is going to slash 250 jobs as Q1 losses have grown to £71.9 million, up from £7.5 million a year earlier.

The rise has been put down to marketing and acquisition spending.

The company is also closing offices and expects this, alongside the job cuts, will mean savings of between £30 million to £35 million a year.

Q1 sales more than doubled to £23.7 million, up from £9.5 million a year earlier. Acquisition costs rocketed more than 16 times to £57.3 million. The company also racked up £21 million in marketing costs.

Baltimore now aims to break even in Q1 2002, rather than Q4 2001 as it had previously hoped. It is launching a PKI service aimed at SME's because larger enterprises are delaying investing in PKI. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.