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Source: Adaptec Shutting Down Lake Forest Site

socalTECH

Storage hardware developer Adaptec is shutting down its Lake Forest, Orange County site, according to sources close to the company. Adaptec moved into Lake Forest in August of 2008, when it acquired Aristos Logic , a developer of RAID chips and technology. Tags: adaptec jobs layoff employment orange county lake forest.

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Power-One Chops Another 300 Workers

socalTECH

The firm said the cuts bring the company's reduction in headcount to 1300, or 29 percent of its staff. The revelation came as part of the firm's Q2 2009 results, when the firm said it had net sales of $91.2M, a 39% decrease from the $149.3M in sales it had in Q2 of 2008. READ MORE>>.

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