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Technology / AI and automation

PINNACLE MICRON PLANS TO LAY OFF 25% OF WORKFORCE

Struggling recordable compact disk and optical storage systems maker, Pinnacle Micron Inc is set to axe 25% of its workforce in and attempt to reduce operating expenses. The company hasn’t released any details about the lay-offs, but it is understood that it had 140 employees at the end of last year. Pinnacle reported second quarter losses of $4.9m from losses of $3.9m, on sales of $11.2m, a fall of 8.9%.

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CBR Staff Writer

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