Borland Software to cut work force by 300 employees.

I hope this lay off didn't affect the former Segue company employees and Borland will continue to work on Silk Test improvement and soon we would be able to evaluate and buy a new enhanced version of Silk Test.

Struggling Borland Software Corp. on Wednesday announced plans to lay off 300 employees, or about 20 percent of its work force, in a cost-cutting move aimed at reversing the company's recent losses.

Now Borland is trying to bounce back again after losing $29.8 million in 2005. The company widened the loss Tuesday from a previously reported $28.5 million after concluding that inadequate oversight over its accounting practices had caused some invoices to be improperly recorded in its financial statements.

Borland also restated its third quarter-results, widening its third-quarter loss to $5.3 million -- $446,000 higher than the company previously reported.

The headaches have discouraged investors. The company's stock price has plummeted by nearly 60 percent since the end of 2004. Borland's shares ( BORL )fell 6 cents to $4.94 during Wednesday's trading on the Nasdaq Stock Market.