SiliconBeat

Socket Mobile reported Thursday that it “effected a reduction of force” of 10 full-time employees and one part-timer last week, or about 12 percent of its staff. The move was made in order to, (sing along if you know the tune) “align its cost structure with current economic conditions in light of slowing business spending due to the current economic downturn.”

The Newark based company, which makes systems designed to help businesses go mobile, made the cuts Dec. 12. The filing Thursday followed by a day news that the company has a new major investor, Leviticus Partners of New York City which reported having obtained a 5.3 percent stake in the company.