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creative technology lays off 14 percent of workforce amid financial struggles
Creative Technology has laid off about 40 employees, or 14% of its workforce, impacting various departments including sales and marketing. Despite a net sales increase of 18% to US$37.4 million, the company reported a net loss of US$6.1 million for the first half of its fiscal year. Creative is also in search of a new CEO following the retirement of Song Siow Hui.
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