Report: Palm to Cut Jobs Amid Poor Pre Sales

Well, it looks like the Palm Pre isn’t quite doing its job of rejuvenating Palm Inc., what with Verizon Wireless saying it doesn’t want it and its price tag being chopped in half by Wal-Mart. The latest is a report (see below) that Palm will be making new job cuts in light of dismal sales of the device.

At issue is overstocking: Palm is believed by analysts to have sold about 375,000 Pres. However, 275,000 phones still languish in stores, which could take almost three months to unload.

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