Innoveda sheds 140 jobs in quest for profits
An
Innoveda product story
Edited by the Electronicstalk editorial team
Aug 10, 2001
Innoveda has reduced its global workforce by approximately 140 people in a move aimed at positioning the company for a rapid return to profitability.
Innoveda has reduced its global workforce by approximately 140 people in a move aimed at positioning the company for a rapid return to profitability.
This action is part of a larger plan to focus more sharply on its key technology strengths to promote future revenue and profit growth, the company said.
Innoveda expects to take a restructuring charge in connection with this move.
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