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Technology / AI and automation

SIERRA’S CHANGE OF FOCUS PROMPTS LAY-OFFS

Sierra Semiconductor Corp says it expects to lay off about 150 people over a period of months as the company switches its focus from the modem chip set business to its existing networking and infrastructure chip businesses ( CI No 2,987). It employs 500 people, about 30% of whom work in the modem chip set business. The number to go will depend on whether a buyer emerges.

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CBR Staff Writer

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