Vitesse laid off 12% of its employees
News on 04/01/2009, a leading carrier and enterprise network solutions for advanced IC supplier Vitesse Semiconductor Corporation (Pink Sheets ticker symbol: VTSS) today announced the company would lay off around 12% of the employees, the costs would be involved in 2009 financial report. Vitesse’s CEO Chris Gardner said that in the full retention of the company R & D and customer support for global investment, the company has taken a series of measures to cut operating costs.
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