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Intellectual Ventures Lays Off 19%

Intellectual Ventures is cutting 19 percent of its staff in a second round of layoffs this year, raising fresh questions about the stability of a business that became the poster child for “patent trolling.” The news was first reported by Bloomberg, which pegged the cuts at 140 staffers and took a deeper look at the Bellevue, Wash., firm’s controversial practices. http://recode.net/2014/08/19/intellectual-ventures-cuts-19-percent-of-staff-in-second-layoffs-this-year/ #tech

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