22 Jan '12, 3am

Layoffs at CIGS Solar Hopeful MiaSolé

MiaSolé, the Kleiner Perkins- and Vantage Point-backed CIGS solar company, has laid off 30 percent of its workforce, according to sources close to the company. A company spokesperson has verified that there have been layoffs, but did not specify the extent of the reduction-in-force. We understand that many of the layoffs have occurred in engineering and equipment design groups. Which seems a rational place for cost cutting - why maintain an equipment design engineering force when the equipment is already fully designed? John Carrington assumed the MiaSolé CEO position in December , taking over for Joseph Laia. The first news out from the new CEO was a plea for a partner , any partner. The CEO was quoted as saying, "A lot of companies are interested in this space, and if we could find the right partner, that could help make MiaSolé a more long-term enduring company [and] th...

Full article: http://www.greentechmedia.com/articles/read/Layoffs-at-CI...

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