WizCom Technologies (NM:WZM) fired 40% of its workforce this week, Yedioth Ahronoth reports.
The dismissal of 20 people leaves the company, maker of the Quicktionary pen scanner and QuickLink pen, with a staff of 34. Almost half the job cuts were from R&D, and some were in top positions, the paper reports. The company retained seven R&D staffers.
Jerusalem-based Wizcom also slashed the salaries of its remaining staff by as much as 25%.