Intersil Announces Plans to Restructure, Cutting 150 Jobs, Sees Charge $8-12M
July 26, 2013 at 16:07 PM EDT
Intersil Corporation (NASDAQ: ISIL ), today announced a resource rebalancing initiative designed to better align the company's operating expenses with strategic growth areas to improve competitiveness and execution across the business. The actions will shift more resources to product development, reducing expenses in manufacturing and sales operations as well as administrative functions. The initiative
