AudioCodes cuts salaries

pVoIP technology provider AudioCodes is cutting wages across the board, a measure being taken to keep the company competitive and effective in the face of the current global economic crisis, said CEO Shabtai Adlersberg. Line employees will take a 6 percent pay cut, while management will take a 10 percent pay cut. nbsp;/p
pThe cuts come a week after the publicly traded company announced preliminary fourth quarter 2008 unaudited revenues for the fourth quarter of 2008.nbsp;AudioCodes believes it will have 4Q08 revenues between $39 millionnbsp;and $41 million./p
pIn comparison, its 3Q08 results were a record $46.6 million, with GAAP net income of $3.2 million, and its 4Q07 revenues came in at $42.8 million, with GAAP income of $1.3 million. So, things aren’t as bad as they seem. No job cuts, either./p
pFor more:br /- AudioCodes announces pay cuts. a href=http://www.audiocodes.com/press-releases/2009-01-13-audiocodes-announces-cost-reduction-stepsRelease/a./p
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