Update: The reports of layoffs at SiPort, a Santa Clara, Calif.-based company that prompted killing of three executives are wrong, according to a statement issued by the company. Like me, everyone assumed that there were layoffs and that led to the shooting. Last week Silicon Valley was shocked by the shooting of three SiPort executive by alleged killer, Jing Hua Wu who is currently under arrest by the Santa Clara Police Department. Wu was terminated individually and not as part of a general layoff.
A spokesperson for one of SiPort’s investors Morgenthaler Ventures wrote to me in an email: “SiPort has never had a general layoff at the company and in fact, the company added to its staff in 2008. SiPort started shipping their HD Radio chips earlier this year and the customers seem to really like it. We were not laying people off.” The shooting killed CEO Sid Agrawal; Brian Pugh, VP of operations; and Marilyn Lewis, who was the human resources manager. SiPort Founder Aiman Kabakibo has taken over as the CEO.
Updated with new information from SiPort: SiPort has established a memorial fund for the victims of last Friday’s fatal shootings with the agreement of the bereaved families. Funds raised will go toward supporting charitable causes identified by the families of Sid Agrawal (CEO), Brian Pugh (vice president of operations) and Marilyn Lewis (human resources manager). Checks should be made out to Silicon Valley Community Foundation, noting “SiPort Memorial Fund” in the memo line and mailed to 3255 Scott Boulevard, Santa Clara, CA 95054. Contributions are tax deductible.