Thursday, March 12, 2015

Superconductor Technologies Chops Staff

Superconductor Technologies, the developer of superconducting wire and wireless component which has operations in Santa Barbara, has cut nearly a third of the company's jobs in February, and reduced its staff to 30. The publicly traded company disclosed the cuts yesterday, saying that it cut 15 employees and implemented other cost cutting measures, due to uncertainty in its business. It's unclear how many of those cuts were in its Santa Barbara location, where the company had been headquartered until 2011, when it moved its headquarters to Texas. The company is down significantly from the 79 employees in had in 2010, just before its departure to Texas.

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