Posted By: Technology Staff Editor In: Information Technology written by Dylan McGrath, courtesy of EE Times
SAN FRANCISCO—NOR flash vendor Spansion Inc. acknowledged that the company cut an undisclosed number of jobs Monday (Oct. 26).
A Spansion spokesperson said through a prepared statement that a "small restructuring" took place at Spansion Monday. The statement said the layoff was "necessary to better prioritize and align the company's resources with its business goals and emergence from Chapter 11." The company declined to provide further details on the job cuts.
Spansion (Sunnyvale, Calif.) has since March been restructuring under chapter 11 of the U.S. Bankruptcy Code.
Last week, sources said Spansion put its 300-mm fab in Japan up for sale. Spansion officials declined to comment on the status of the fab, dubbed SP1.
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