View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 22, 1997updated 05 Sep 2016 12:51pm

AST TO CUT ITS WORLDWIDE WORKFORCE BY ABOUT 25%

By CBR Staff Writer

AST Research Inc, whose new owner, Samsung Electronics Co is almost home and dry in acquiring it, says that in response to lower-than-expected first quarter results, it plans to reduce its worldwide work force by about 25%, and expects to take a related charge of about $12m during the second quarter. In the first quarter, it saw lower demand, an accelerated competitive pricing environment, and there was a product transition in its commercial desktop and notebook lines. It also blamed uncertainty over the Samsung offer.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU