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May 19, 2013 | 10:22 PM
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News: Business

Tendril lays off 59 in latest restructuring

January 2, 2013 | Modified: January 3, 2013 at 12:00 am
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BOULDER, Colo. (AP) — State records show Tendril Networks Inc. has laid off 59 employees at the Boulder-based home energy management firm.

The Daily Camera reports (http://bit.ly/Vwmvsm ) a notice filed with the state labor department shows the cuts took place Monday.

Last month, CEO Adrian Tuck said the company was restructuring to become profitable.

At one point, Tendril employed about 200 people. Tendril spokeswoman Ginger Juhl says the workforce is under 100 people.

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Information from: Daily Camera, http://www.dailycamera.com/