Ceragon To Fire 14 Percent Of Work Force

December 16, 2o14 | Ceragon Solutions, the wireless backhaul solutions provider headquartered in Tel Aviv, announced that it will fire 14 percent of its work force. about 155 employees worldwide and 46 in Israel. The recent round of layoffs comes just one year after the company fired 200 employees worldwide and 60 in Israel. Ceragon has repored GAAP losses of $24.5 million and non-GAAP losses of $21.5 million. Ceragon CEO Ira Palti stated: “We are determined to return Ceragon to profitability as quickly as possible and to preserve our financial flexibility.” Ceragon was founded in 1996 under the name ‘Giganet’ and listed on NASDAQ in 2010.