Corel Corporation announced that it is cutting its global workforce by approximately 20% worldwide.

“For 25 years, Corel has demonstrated an ability to adapt and evolve in order to meet new consumer demands and an ever changing competitive landscape,” said Kris Hagerman, Corel CEO. “In building our operating plan for 2010, we are aligning our cost structure so that we have the financial flexibility to continue to innovate and deliver new products to the market, drive broad awareness of our products and global brand, and ensure we are making the best use of our global teams and resources.”

For more information visit: www.corel.com