Business
11:47 am
Fri March 1, 2013

Compuware cutting costs, announces 160 layoffs

Compuware's headquarters is the One Campus Martius building in downtown Detroit.

JC Reindl of the Detroit Free Press reports this morning that the company plans to lay off 160 employees "and close or shrink" 16 offices around the world. Those layoffs will affect workers in Detroit:

Sources told the Free Press this week that several executive-level workers at the firm’s downtown Detroit headquarters lost their jobs, including a top official with a total compensation package last year that exceeded $1 million.

Compuware has yet to confirm or deny reports that it is actively seeking a buyer. In January the company’s board rejected an unsolicited $2.3-billion, $11-per-share offer from a New York hedge fund as too low.

Reindl reports the company employed close to 2,000 people in 2012 at its downtown headquarters.

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