GigaBit Logic, a Newbury Park company that makes advanced semiconductor chips for computers, said it has dismissed two vice presidents and 31 other employees because it expects business to slow.
The across-the-board firings cut the company's payroll to 94. The dismissed vice presidents are Anthony Livingston, who directed sales and marketing, and Zelimir Deil, who supervised product development.
Greg Barnhart, national sales manager, assumed Livingston's duties. Deil's responsibilities were shifted to John D. Heightly, GigaBit's new president and chief executive.
Heightly declined to disclose the company's recently lowered revenue projection. Privately held GigaBit had sales last year of nearly $45 million, but said it didn't turn a profit because of heavy investment in research and development.