hatteras-networks

Firing fad spreads outside the Valley

Paul Boutin · 11/17/08 01:20PM

Hatteras Networks, as the name suggests, is in Research Triangle Park, North Carolina. The company bragged to the Wall Street Journal that they've laid off 20 of 80 employees, weeks after Denton and Calacanis beat them to it. Tough times, totally awesome decisions! I only hope you recognize this one-company trend story for what it really is: An ad. The message is at the end: "Revenue has grown more than 100% every year for the last three years." Now they're sure to get a decent acquisition offer. All they had to do was fire the 20 most problematic employees.