Intermec Lays Off 150

Everett, WA-based Intermec (NYSE: IN), a maker of radio frequency identification and mobile computing technologies, announced today it is reducing its global workforce by 7 percent, or about 150 full-time positions. The layoffs will be mostly in sales, general, and administrative areas, and are expected to save the company $14 million to $16 million a year. Intermec CEO Patrick Byrne cited economic conditions and uncertainties as reasons for the restructuring.

Trending on Xconomy