Troubled Westborough, Massachusetts-based Proteon Inc is firing 25% of its workforce as part of a restructuring that will see the company concentrate on its LAN Products internetworking technology and products. It expects to take a restructuring charge against its second quarter figures of between $11m and $15m.
Troubled Westborough, Massachusetts-based Proteon Inc is firing 25% of its workforce as part of a restructuring that will see the company concentrate on its LAN Products internetworking technology and products. It expects to take a restructuring charge against its second quarter figures of between $11m and $15m.
