Rambus takes an axe to workforce

RAMBUS IS to take an axe to its own workforce, chopping around 90 jobs, or some 21 per cent of its staff.

The firm said the process will cost some $4 million but will save $17 million annually.

Both engineering and non-engineering positions will be affected and the process will be complete by year end, the firm said.

Harold Hughes, president and chief executive at Rambus, said: "This is a difficult but appropriate adjustment that will position us to succeed in our strategic objectives."

Rambus sales for the second quarter of 2008 were $35.7 million, down 25 per cent year on year.

More importantly, revenues from court cases is down. µ