By Max A. Cherney
Nov 13 (Reuters) - Chip technology design maker Imagination Technologies plans to lay off 20% of the company´s staff, according to sources familiar with the matter.
The U.K.-based company, which signed an agreement to supply Apple with chip technology in 2020, GPU BOX said it was cutting the staff because of a challenging "business environment" over the last 18 months, according to an internal message reviewed by Reuters. (Reporting by Max A. Cherney in San Francisco Editing by Chris Reese)
Nov 13 (Reuters) - Chip technology design maker Imagination Technologies plans to lay off 20% of the company´s staff, according to sources familiar with the matter.
The U.K.-based company, which signed an agreement to supply Apple with chip technology in 2020, GPU BOX said it was cutting the staff because of a challenging "business environment" over the last 18 months, according to an internal message reviewed by Reuters. (Reporting by Max A. Cherney in San Francisco Editing by Chris Reese)