Entropic Exits Israel and France
Juha-Pekka Tikka3/25/09
San Diego-based home entertainment semiconductor manufacturer Entropic Communications (NASDAQ: ENTR) has cut approximately 55 employees, or 18 percent of its workforce. In a filing with the SEC today, Entropic says its board approved a restructuring plan that closes offices in Nice, France, and Kfar Saba, Israel, “to better position the Company to operate in current market and financial conditions.” Entropic says it also suspended development of network processors in Israel.
