Business Services Industry
Computer Memory Firm Lays Off 80 More, Half in Orange County, Calif.
Knight Ridder/Tribune Business News, May, 2001
By Tamara Chuang, The Orange County Register, Calif. Knight Ridder/Tribune Business News
May 11--FOUNTAIN VALLEY, Calif.--A second wave of job cuts hit Kingston Technology Co. this week, as the computer-memory company cut 4 percent of its work force.
About 40 sales and marketing positions in the Fountain Valley headquarters were affected, plus 40 similar jobs in Ireland, where Kingston has a manufacturing plant. In March, Kingston cut 19 jobs -- the first ever in its 14-year history.
"We're just responding to the downward trend in the market," said Mike Sager, Kingston's senior vice president of U.S. sales and marketing. "When we did the first layoff, we were looking to see what the market would do. We had hoped it would turn around, but...
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