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Cardinal Technologies Inc. laid off 31 management and production employees Wednesday, continuing sweeping changes that began when billionaire Paul Allen invested $15 million in the computer parts company last summer.
The layoffs followed resignations of two top Cardinal executives earlier this year, as Allen's Seattle-based Vulcan Ventures Inc. asserts its presence as Cardinal's largest shareholder.
A Cardinal spokesman said the moves represent an attempt to make the company profitable at current sales levels rather than trying to erase debt purely through revenue growth.
"The real change is one of movement from a management direction of...