Dialogic fires 30 in Israel
Jan 14, 2013 (Globes - McClatchy-Tribune Information Services via COMTEX) --
Sources inform "Globes" that Dialogic Inc. (Nasdaq: DLGC) will halve the workforce at its Israeli development center, firing 30 employees, as part of the firing of 95 employees worldwide, 13 percent of the company's total workforce, which was announced on Friday. Dialogics Israel has 120 employees, half of them at its development center in Petah Tikva; the layoffs will reduce the total Israeli workforce by a quarter, to 90 people.
Dialogic VP strategy and marketing Andrew Goldberg told "Globes", "The cutbacks are difficult. Obviously, this is a major and difficult event for the fired employees, but it's the right thing for the company. The Israeli team developed amazing solutions, and the Israeli branch will continue to important for the company's future."
Dialogic Networks (Israel) Ltd., which develops network communications solutions, began as a unit of telephony networking compressions solutions developer ECI Telecom Ltd. In 2003, the unit was merged with US company IP Verse to create Veraz Networks, which developed IP network compression products for telecommunications vendors. Although Veraz held an IPO on Nasdaq in 2007, it could not survive as an independent company, and merged with Canada's Dialogic in 2010.
The merged company develops products for mobile communications. Following the merger, Dialogics moved its headquarters from Montreal in Quebec to Veraz's headquarters in San Jose, California. The merged company had 1,000 employees, but subsequent layoffs, including the current round, have reduced its workforce to 650.
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