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Ingram Micro plans to cut 850 jobs to improve efficiency, despite stock gains post-IPO.
Ingram Micro, a major technology distributor, plans to cut about 850 jobs, or 3.5% of its workforce, by the end of next quarter to improve efficiency and customer service.
The company, based in Irvine, California, aims to better position itself for long-term growth.
Despite the layoffs, Ingram Micro's stock has risen 5.5% since its public debut, reaching a market cap of $5.5 billion.
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Ingram Micro planea recortar 850 puestos de trabajo para mejorar la eficiencia, a pesar de las ganancias de stock después de la OPI.