UK graphics company Imagination Technologies is laying off 350 as it feels the iPhone pinch

 Smartphone sales are slowing down, and it looks like Apple might see its first iPhone sales decline in the next quarter. That pinch is now being felt by one of Apple’s key suppliers. UK company Imagination Technologies announced today that it is restructuring its company. It will lay off 350 people and shutter some operations in the process — 200 announced today, on top of… Read More