Trellis Photonics has cut another 20 jobs, leaving itself with only 40 employees.
In July 2001 the company was forced to dismiss 50 employees in Israel and another ten from its American operation, including its chief executive in the U.S., Tim Cahall.
At the time Trellis also suspended plans to build a new production plant in Maryland.
In November 2001 Trellis, which develops optical switches for broadband networks, announced the merger of all its activities under its Jerusalem headquarters. It closed its facility in Yokneam and dismissed 35 workers. Around that time it also abandoned plans to establish a plant in Lod's industrial zone.
Trellis chairman Aaron Mankovski commented that the company is reorganizing and has taken a new direction.
In its last financing round, in August 2000, Trellis raised $25 million at a company value of $150 million. To date it has collected $37 million from a wide group of venture capital funds.