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CRUS / Cirrus Logic to cut 5% of global workforce

Cirrus Logic Inc. CRUS, +2.13% said it will cut 5% of its workforce, or about 85 employees, according to a filing with the Securities and Exchange Commission late Wednesday. The job cuts are a result of “overall market conditions and the impact related to a new product previously scheduled for introduction this fall no longer being expected to come to market as planned,” the electronics supplier said in the filing. Read More

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Posted: Jul 12 2023, 17:37

Author Name: Market Watch

CRUS News

By Zacks Investment Research
November 3, 2023

Cirrus Logic (CRUS) Q2 Earnings Top Estimates, Decline Y/Y

Cirrus Logic's (CRUS) fiscal second-quarter performance is affected due to a reduction in components shipping of smartphones and lower general market

By Seeking Alpha
October 17, 2023

Characterization Of Cirrus Logic's Fiscal Year 2024 And A Little Beyond

Cirrus Logic is currently out of favor in the market due to various factors, including a higher tax rate and the loss of an Apple chip win. Despite th

By Zacks Investment Research
October 11, 2023

3 Top Stocks to Buy From a Booming Electronics Industry

The Zacks Electronics - Semiconductors industry players, CRUS, SYNA and NVTS, are set to capitalize on the growing proliferation of AI, ML and consume

By Zacks Investment Research
August 4, 2023

Cirrus Logic (CRUS) Q1 Earnings Top Estimates, Decrease Y/Y

Cirrus Logic's (CRUS) fiscal first-quarter performance is affected due to a reduction in components shipping of smartphones and lower general market s

By Zacks Investment Research
August 3, 2023

Cirrus Logic (CRUS) Tops Q1 Earnings and Revenue Estimates

Cirrus Logic (CRUS) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to ear

By 24/7 Wall Street
July 21, 2023

3 Top Stocks to Buy From Electronics – Semiconductor Industry

A financial advisor can help you understand the advantages and disadvantages of investment properties.

By Zacks Investment Research
July 21, 2023

3 Top Stocks to Buy From Electronics - Semiconductor Industry

The Zacks Electronics - Semiconductors industry players, GFS, LSCC and CRUS are set to capitalize on the growing proliferation of AI, ML and consumer

By 24/7 Wall Street
July 19, 2023

5 Low Price-to-Sales Stocks That Promise Lucrative Returns

Investment in stocks after the analysis of the valuation metrics is considered one of the best practices.

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