![Onkyo receiver, part of Premium Audio Company](https://www.strata-gee.com/wp-content/uploads/2022/09/Onkyo-TX-NR696_Receiver-1024x551-1.png)
BREAKING NEWS
Premium Audio Company, a division of VOXX International and operator of brands such as Onkyo, Integra, Pioneer, and Elite, confirmed today that it has instituted a round of layoffs to “right-size” company operations based on current macroeconomic trends. The company has also confirmed that it has decided, for the second year in a row, not to participate in next week’s CEDIA Expo 2022, due to product roadmap cycles.