Orckit Communications (Nasdaq:ORCT) yesterday cut its workforce by 10%, laying off 25 people.
A company spokesman said that the dismissed workers were from its manufacturing division.
Orckit provides x-digital subscriber line XDSL solutions for high-speed transfer of data over existing copper wireline infrastructure. It outsources most of its manufacturing.
The company remains with 200 workers, down from 600 at its peak. The last wave of dismissals was in July 2000 and lasted six months, at the end of which 100 workers were fired.
At the time the company announced that it is restructuring in order to trim expenses.
Revenue for the second quarter rose to $37.5 million, 120% more than in the same quarter last year, and 2% more than in the first quarter of 2001.
Loss for the second quarter came to $8.9 million, or 39 cents per share.
The company is due to release its results for the third quarter tomorrow.