Wednesday, February 2, 2011
Irvine Sensors Chops Staff
Costa Mesa-based Irvine Sensors, a developer of electro-optical cameras, image processors, and other semiconductor products, said Wednesday that it has cut approximately 19 percent of its workforce. The firm said the move is expected to save the firm around $1.4M in annual expense reductions. The firm said the cuts came to staff "not fully utilized in support of the current product and revenue."