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ClearSpeed downsizes

cs_logo.gifIt seems that the recent financial downturn has taken its toll on accelerator specialist, ClearSpeed.

Following decreased spending from the financial services market, ClearSpeed is being forced to downsize their workforce. Large cuts occurred in the marketing department with smaller cutbacks in sales, finance, administration and engineering.

One source reckoned that ClearSpeed dropped about 40 per cent of its staff, including consultants. But CEO Tom Beese told us the figure is “not quite as high as that.”

The company is now operating at 75 employees.

Things look like they’re going to be slower than anticipated ahead of the credit crunch,” Beese told [The Register].

Read the full article here.

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