Sephora, Semiconductor, inc. (Cypress Semiconductor) on Monday announced a reorganization, plans to cut 500 jobs, investment focus will be moved to the Internet of things such as higher growth potential career.

By early January, sephora has about 6300 employees, the cuts accounted for about ten percent of the original human scale (8%), estimated costs between $4-50 million, will be in the third and the fourth quarter amortization.

Sephora, executive Hassane El Khoury - used to be in Continental automotive electronics factory service, just jumped to 2007 plath, and in a month ago climb to power company. El Khoury - the biggest merit is to assist the sephora, establishing the chip business car, now make up about a third of the company's revenue.

A recent issue (by 7/3 check) results showed that the plath revenue rose 25% to $870 million during the first half, but the loss is also doubled to $620 million. Sephora's shares closed at $12 a share, up 22% so far this year.