 |
  |
 |
|
| Send FReepmail if you want on/off SVP list | |
| The List of Ping Lists | |
Posted on 11/07/2009 9:23:02 AM PST by nwrep
Blue Coat Systems (BCSI) this morning said it will cut about 10% of its staff under a new restructuring plan. The company currently has a little under 1,500 employees.
The company also said it will acquire S7 Software Solutions, a software R&D firm based in Bangalore, India, for about $5.25 million in cash. Blue Coat said it will shift some engineering positions from Sunnyvale (which is where the company is based) and Austin, Texas to Bangalore and other locations. It is closing offices in Riga, Latvia; South Plainfield, New Jersey; and Zoetermeer, the Netherland.
(Excerpt) Read more at blogs.barrons.com ...
Blue Coat Systems is currently headquartered in Sunnyvale, Ca. It is in the heart of Silicon Valley. There isn;t much silicon left there. The high cost of doing business in Silicon Valley is no longer the competition for the skilled labor force, it is the ever increasing tax burden on the business directly and on each of the employees indirectly, that makes India more attractive.
It’s too bad they acquired Packateer, that company had potential.
more jobs lost in Silicon Valley
|
|
| |
|
| Send FReepmail if you want on/off SVP list | |
| The List of Ping Lists | |
They are such greedy cowards.
Glad to still have a job Bump.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.