LayoffBlog.com

November 18, 2008

Startups Outside Silicon Valley Also Cut Staff

According to Wall Street Journal: “Hatteras Networks, a well-financed startup whose equipment enables telecom companies to deliver carrier Ethernet and broadband services over existing copper infrastructure, has laid off a quarter of its staff. The Research Triangle Park, N.C., company let go of 20 employees, spread evenly across all departments, bringing the total remaining staff to 60, said Kevin Sheehan, the company’s chief executive. News of the cut was reported earlier on WRAL.com.”

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