PLAY

The specialty chipmaker, whose audio decoder chips have found their way into the nerve center of Apple’s most popular iPods — including the iPod nano and fifth-generation video player — has laid off 45 employees. That’s about 14 percent of its total staff.As a result of the move, PortalPlayer expects to incur a restructuring charge of $850,000 to $950,000 in its current quarter, according to the report. But in the long run, the company figures the lay offs will save it $6 million to $7 million in expenses.

AppleInsider | iPod chip maker to cut workforce

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