Vitesse slashes work force, faces lawsuit

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By Stephen Nellis / Friday, October 7th, 2011 / Comments Off on Vitesse slashes work force, faces lawsuit

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Vitesse Semiconductor, the Ventura County chipmaker rocked by a stock-options scandal in 2006, has laid off 10 percent of its work force and shuttered one of its Camarillo facilities. The firm also faces a lawsuit from two former employees, one of them the executive assistant to Louis Tomasetta, the founder and onetime CEO of Vitesse…

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