Vitesse slashes work force, faces lawsuit
IN THIS ARTICLE
- Banking & Finance Topic
- Stephen Nellis Author
By Stephen Nellis Friday, October 7th, 2011
Vitesse Semiconductor, the Ventura County chipmaker rocked by a stock-options scandal in 2006, has laid off 10 percent of its work force and shuttered one of its Camarillo facilities. The firm also faces a lawsuit from two former employees, one of them the executive assistant to Louis Tomasetta, the founder and onetime CEO of Vitesse…