Intellectual Ventures lays off 5% of workforce
IV has over 800 employees, according to its website, so a five percent reduction would impact at least 40 people. The bulk of the staff cuts involved attorneys and engineers who worked for IV's large patent acquisition funds, three sources familiar with the company said.
The Times of India had a headline Patent troll Intellectual Ventures lays off 5% employees
IV had sued Google's Motorola Mobility unit in D. Delaware.