Cardica announces third round of layoffs this year(0)
For the third time this year, Cardica, the Redwood City medical device maker, is cutting its staff as it tries to conserve cash. On May 21, the company said it would eliminate 15 positions, or 26 percent of its staff. In January the company cut 13 positions, or 13 percent of its staff, and in April it let go of 22 more employees, which represented 27 percent of its then-current staff.
Most of the positions being eliminated in the latest round are in Read the rest of this entry »
Cardica, the Redwood City medical device maker, announced its second layoff since the start of the year as the company struggles to conserve cash, according to a 
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