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QLogic launches job cuts

2015-09-15 18:18:52| Semiconductors - Topix.net

QLogic discloses it launched a restructuring plan on Sep. 2. The number of job cuts involved hasn't been discloses; QLogic does say it expects $5M-$6M in pre-tax cash charges. The company stated on its July 30 FQ1 call it plans a restructuring that aims to lower its FY16 operating expenses to $200M.

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