PortalPlayer, a specialty chip producer that gets roughly 95 percent of its total sales from Apple Computer, was dealt a blow recently when Cupertino, Calif.-based Apple said it would not include PortalPlayer’s new version of its multimedia chips within the upcoming iPods, and as a result, the company let go 45 staffers, or 14 percent of its total workforce, TheStreet.com reports.PortalPlayer plans on absorbing a charge of $850,000 to $950,000 in the current quarter due to the shake-up, but it also expects to save between $6 million and $7 million in expenses, according to TheStreet. Considering the company took in net earnings of $48 million in 2005, according to TheStreet, that’s no small chunk of change.Related Links: Survey: iPods More Popular than Beer at U.S. Colleges Valve Amplifiers Give iPod a Retro TouchCheck out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content feature Red Hat embraces hybrid cloud for internal IT The maker of OpenShift has leveraged its own open container offering to migrate business-critical apps to AWS as part of a strategy to move beyond facilitating hybrid cloud for others and capitalize on the model for itself. By Paula Rooney May 29, 2023 5 mins CIO 100 Technology Industry Hybrid Cloud feature 10 most popular IT certifications for 2023 Certifications are a great way to show employers you have the right IT skills and specializations for the job. These 10 certs are the ones IT pros are most likely to pursue, according to data from Dice. By Sarah K. White May 26, 2023 8 mins Certifications Careers interview Stepping up to the challenge of a global conglomerate CIO role Dr. Amrut Urkude became CIO of Reliance Polyester after his company was acquired by Reliance Industries. He discusses challenges IT leaders face while transitioning from a small company to a large multinational enterprise, and how to overcome them. By Yashvendra Singh May 26, 2023 7 mins Digital Transformation Careers brandpost With the new financial year looming, now is a good time to review your Microsoft 365 licenses By Veronica Lew May 25, 2023 5 mins Lenovo Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe