Rising costs and weaker demand have led to job cuts. Executives across two divisions have been let go, with around 80-100 affected so far. The cuts involve various levels of staff, from high-ranking officials to field managers.

Cost pressures are a key factor, driven by increases in memory chip prices and raw materials. Weaker sales have also had an impact.

Further details on the situation are available from the source, including the specific divisions affected and the extent of the job losses.