Borland, which has survived many economic ups and downs since its 1983 founding, laid off 130 employees, or 15 percent of its workforce, in a bid to cut annual expenses by $12 million to $14 million. The company, a developer of application life cycle management software, also announced that CEO Tod Nielsen resigned to become chief operating officer at VMware. The company described the structuring as part of its "plan to recalibrate its go-to-market" strategy.
