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By http://www.EmploymentCrossing.com
Sunnyvale tech firm to delete 120 jobs
By http://www.EmploymentCrossing.com
http://www.EmploymentCrossing.com
Sunnyvale, California flash storage manufacturer Silicon Storage Technology will cut 120 employees, or 17 percent of its staff.
The action is being taken “to streamline the organization going forward” so as to “to reflect changes in anticipated levels of business.”
The terminations are expected to cost the company $2.8 million in expected severance payments, which works out on average to about $23,333 per employee.
Founded in 1989, SST was founded by Intel and Honeywell veteran Bing Yeh.
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