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OTTAWA–Software producer Corel Corp. is cutting its global workforce by about eight per cent, affecting 90 employees, to increase operational efficiency.

The Ottawa-based company said the move will allow it to increase investment in growth opportunities, including emerging markets and e-commerce.

It was not immediately known where the layoffs would fall, but Corel has its largest presence in Ottawa cash advance loan no fax.

Corel says it will take a US$2.8-million restructuring charge in the fourth quarter due to the layoffs.

The company has said it is in talks with for a possible sale of the company, but so far no buyer has emerged.

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