Friday, February 14, 2014

Intellectual Ventures lays off 5% of workforce

In a post titled Big patent owner Intellectual Ventures cuts staff 5 pct , Reuters stated

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.


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