Community News: Zend Readying for a Buyout?

Courtesy PHPDeveloper.org  Mon, 05/19/2008 - 20:08

According to some details over on TechCrunch there's a few rumors being started that Zend ("the PHP company") is looking to sell.

Israeli startup Zend Technologies has fired 25 percent of its R&D team (at least ten people), as well as others across the company, in an attempt to become cash flow positive, says a source close to the company.

The official Zend word is that yes, there have been layoffs but...

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