About This Video
http://www.EmploymentCrossing.com After exploring all options, Cypress Semiconductor has decided its best course of action is to shut down its facility in Round Rock, Texas. The San Jose-based producer of USB, programmable logic, timing and communication devices will begin layoffs by the end of October, leaving 211 workers and the plant, by the beginning of the year. Cypress notified the Texas Workforce Commission that the layoffs would take place in 4 phases as the company will be consolidating operations, moving production to its Minnesota facility. While exploring other options, Cypress found that it would be in the best interest of the company and its 8,000 employed worldwide, if it made some cutbacks.
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