25% of the employees to let go

My fears have come true. Its true.

1. Approximately 100 employees will be laid off on May 19 2009 all across the globe. 
2. Every department is going to have an impact - legal, support, sales and of course engineering
3. Swiss office to close.
4. Majority of them will be from lowest ranks.
5. None from Senior Management or even middle management (except may be 2).
   
6. QuarkXPress engineering will be completely moved to India.
   
7. Bet is on a completely new product scheduled to launch soon and an enterprise product that has been in market for years with new polish.
   

I hope smart, hardworking and those who questions bad decisions are not affected. And last but not the least, investors get their money (or whatever will be left) back in time.