10 More Crushing 2012 Tech Industry Layoffs


CEO: Rick Hamada

To be fair, distribution powerhouse Avnet hasn't confirmed the scope of any actual layoffs yet. But at press time, Avnet disclosed it was planning a number of cost-cutting moves on top of the $40 million to $50 million in expense reductions it had previously announced this summer, following word that first fiscal quarter sales would come in at the low end of expectations.