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23
February
2007

Mosaid lays off nearly half of its workforce

Mosaid Technologies is cutting its workforce by nearly half, 120 employees.
According to EETimes Mosaid Technologies, that most recently announced the sale of its testing technology business to Teradyne, is cutting its workforce of nearly 120 by half and acquiring patents outside of its main memory chip business. The strategic shift is a response to a dispute last year with one of its largest investors, Loeb Partners Corporation, who demanded the sale of the company or divestiture of its non-core intellectual property (IP) business, the Systems Division.
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