Gateway slashes jobs and outlets

PC manufacturer Gateway has announced that it will cut more than 2,000 jobs and close 19 of its retail stores in a new reorganization.

A spokeswoman said Gateway was cutting 2,250 of 14,000 jobs, 4 of its 10 administrative and support sites and 19 of its 296 showrooms. The new cuts affect about 16 percent of jobs and come on top of a 25 percent cut in the work force announced last year, when Gateway said it was shuttering foreign operations.

Chief Financial Officer Joe Burke said in an interview that Gateway, the No. 4 U.S. PC maker had slimmed down enough."We believe that there are no other restructuring activities on the horizon for 2002," Burke said.