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Technology Stocks : Sequans Communications

SQNS 7.340

-3.5%

Oct 31 9:30 AM EDT

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From: FJB	7/4/2017 1:15:47 PM
	of 2386

Intel to cut IoT jobs Intel is laying off people in its IoT group following its recent cuts to three of its IoT products – the Joule, Edison and Galileo boards 4th July 2017 97 jobs are to be lost in Santa Clara and up to 40 more in Leixlip, Ireland. IoT accounts for less than 5% of Intel’s sales. The group had revenues of $721 million last year, The news came after Intel notified the Californian employment officials of the proposed cuts. The cuts to the board products raised speculation that Intel is cooling on its commitment to the IoT market.

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