SAN JOSE, Calif.–(BUSINESS WIRE)–Pixelworks, Inc. (NASDAQ: PXLW), an innovative provider of video display
processing technology, today announced a restructuring to streamline its
product offerings and organization, including an approximately 24%
reduction in workforce, in the areas of development, operations, sales
and marketing. Pixelworks expects the restructuring to result in
annualized savings of at least $5.0 million.
Stephen Domenik, Pixelworks interim CEO, commented, The purpose of
todays announced restructuring is twofold: the first objective being to
streamline the organization and our offerings, while also intensifying
the Companys fo…
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