- Associated Press - Tuesday, March 1, 2016

WILMINGTON, Del. (AP) - Tech company SevOne has laid off as many as two dozen workers in Delaware as part of a “reprioritization” that resulted in job cuts.

The News Journal of Wilmington reports (https://delonline.us/1QjB4gR) company officials said Monday that “less than 10 percent” of SevOne’s workforce were laid off last week, but declined to provide an exact number.

In late 2015, the company employed about 525 workers worldwide, with more than 230 in Delaware.

In a statement, SevOne officials described the layoffs as an effort to reposition the company for growth.

SevOne had been steadily growing its workforce in recent years, hiring 200 new workers in 2015. The layoffs also come about six months after the company landed a $50 million investment deal led by Bain Capital.



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Information from: The News Journal of Wilmington, Del., https://www.delawareonline.com

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