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Monday, June 11, 2007

Major downsizing at NDS

NDS Israel has laid off an estimated 50 employees, many of them long-time supervisors at the Rupert Murdoch's R&D center in Jerusalem. Word has it that the drastic cutbacks were demanded by CEO Abe Peled, who felt that a great deal of fat could be trimmed by eliminating a sizeable chunk of the company's veteran management-level personnel.

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