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February 1, 2010
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| 16:22 EDT |  | TXCC |
| theflyonthewall.com: | TranSwitch to save $4M per year through reduced workforce and other initiatives | | TranSwitch has recently effected a restructuring to be implemented and concluded during 1Q10. TranSwitch expects that these initiatives will result in annual savings of approximately $4M, and that these savings will begin to be recognized in 1Q10. Of this amount, TranSwitch expects annual savings of approximately $2.4M in reduced employee related costs including base salary reductions and $1.6M from other cost savings initiatives. :theflyonthewall.com |
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