January 16, 2009 at 11:02 AM (PT)
ALL ACCESS has confirmed reports that iBIQUITY, the creators of HD RADIO technology, has laid off a number of employees.
Originally thought to be 20%, President/CEO BOB STRUBLE told ALL ACCESS, "That number is a bit high. But, we have taken some cost-cutting actions in a smart way to enable us to take the business forward, just as many others are doing. We are certainly sorry to have to see some really good people leave us."
STRUBLE declined comment on specifically who left the company.