We try not to take it personally, but it seems everyone wants to leave Silicon Valley these days, probably to save a buck or two. But as they say, you have to spend money to save money.
In an 8-K filed Thursday, WJ Communications said its board voted earlier this month to offshore its “final test and support operations” to the Philippines from San Jose. Cost: $600,000 for employee severance and retention, and another $300,000 in start-up costs. And that probably doesn’t even include the cost of getting satellite TV to watch Sabercats games.
Meanwhile, Borland Software, which back in April said it was moving its headquarters from Cupertino to Austin, filed an 8-K Thursday disclosing its moving expenses. Cost: $4.5 million to $5 million in moving and personnel expenses.
