InFocus Cuts 30 Percent of Staff
Wilsonville, OR-based InFocus (NASDAQ: INFS), a maker of digital projectors, announced today it is reducing its global workforce by 30 percent, as part of a company restructuring that will span all of 2009. The staff cuts will be effective next month. InFocus president and CEO Bob O’Malley cited the economic downturn and reduced demand for projectors as reasons for the restructuring. The company says it is spending around $1.3 million on severance payments and some $4 million to vacate facility space in Wilsonville. No word yet on exactly how many jobs will be cut.
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