SAN FRANCISCO (Thomson Financial) - Taleo Corp. expects to cut 160 jobs at
Vurv Technology Inc., a privately held, Jacksonville, Fla.-based talent
management software company it is acquiring.
Dublin, Calif.-based Taleo, also a provider of talent management software,
expects to incur related restructuring charges of $6 million to $6.5 million, it
said in a regulatory filing Friday.
Taleo expects the Vurv acquisition to close early next month, and expects to
complete the terminations by the end of the year.
Taleo stock closed the regular session down 68 cents, or 3.1%, at $20.98.
Brigid Gaffikin
bg/gm
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