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Friday, Mar 29, 2024

More Layoffs at Capstone Turbine

Capstone Turbine Corp. cut its operating expenses in March by reducing its workforce by 22 employees. The staffing cuts follow the layoffs of 19 employees and a freeze on 16 open positions in February at the Chatsworth-based manufacturer of microturbine energy systems. Capstone expects a cost savings of $3.7 million from the staff reductions. The company also announced using less cash during the fourth quarter ending March 31. During that period cash used was $4.9 million compared to the $21.6 million in the same period in 2008. Mark R. Madler

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