More Zywave layoffs
A year ago, 21-year-old Winnipeg financial services software company Emerging Information Systems Inc. (EISI) was sold to a Milwaukee company called Zywave with the claim the Winnipeg shop would remain a centre of excellence for the company.
It may still be, but unconfirmed reports say it has a lot fewer people working there now.
Two different sources said as many as two-thirds of the company's employees were let go this week.
This follows layoffs of about 50 people at the beginning of last year.
When Zywave closed its acquisition of EISI in November 2011 it had about 200 employees in Winnipeg.
The Winnipeg company's financial-planning software, NaviPlan, and needs-analysis tool Profiles are used by more than 250,000 financial professionals. Zywave officials in Milwaukee and Winnipeg would not return phone calls.