Jerusalem-based startup

OnePath Networks

is firing half its workforce.

The company, which makes products for fast access to satellite and video, is dismissing 20 people from non-core activities.

It also announced the promotion of co-founder Jack Hotz from chief technology officer to CEO, replacing Howard Loboda, the company's co-founder. Loboda will remain chairman of the board.

At its peak, OnePath employed 200 people. During 2001 it cut back staffing in two waves, axing more than 100 jobs.

In May 2000, then named Foxcom, the company raised $40 million from leading United States investment houses and Israeli venture capital funds, at a post-money company value estimated at $145 million.

The company is far from alone in trimming its workforce by 90%. Commtouch, for instance, is also down to 20 employees from a peak of about 500.