Palm holiday layoffs confirmed. It’s going to be less-than-cheerful holiday at Palm.

Just yesterday we heard rumblings of struggling Treo-maker Palm (NSDQ: PALM)’s possible move to let some of its employees enjoy their holidays without having to worry about going to work. Well, it looks like those rumors are now pretty much a reality for a few unfortunate Palm employees. The Wall Street Journal has confirmed that “Palm made some reassignments and staff reductions.”

We’re not sure just how widespread or exactly how many Palm-employees are going to be getting a pink-slip in their inbox, but if Palm’s financial woes are any indicator, we’re going to say it’s not any small number. Our condolences to Palm employees – although, we can’t say this wasn’t all that unexpected.

Here’s a thought. Cut the CEO’s salary and keep a few more employees until at least Q2 of next year. December is a horrible time to find out that you no longer have a job. How’s about it, Palm?

[Via: WSJ]