The makers of the ultra-sophisticated TrackingPoint “Precision-Guided Firearm” have fired about 50 percent of its workforce in a move company officials say is intended to “restructure” the company and focus it more on sales.The cuts come primarily in the R&D and engineering side of the house, multiple sources tell Shooting Sports Retailer, leaving the company with less than 50 employees, sources say. This is the second major layoff for the four-year-old company in less than two years, with 31 getting pink slips — including the TrackingPoint’s then-CEO and CFO — in November 2013.In an interview, new TrackingPoint CEO Frank Bruno …read more
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