Broadcom to Cut Up to 1,150 Jobs
IHS Electronics360 News Desk
October 23, 2013
Fabless chip vendor Broadcom Corp. said Tuesday (Oct. 22) it would reduce its workforce by up to 1,150 employees as part of a restructuring plan to reduce expenses.
The layoffs—which had been rumored for the past week—were announced as the company reported better-than-expected results for the third quarter. Some of the job cuts will effect employees who joined the company as part of the recent acquisition of Renesas Electronics' LTE assets, which closed earlier this month, Broadcom said.
To read the full article, click here
Related Semiconductor IP
- NPU IP
- JPEG XL Encoder
- I2C Master/Slave Controller Core
- NVMe Validation Test Suite
- Hybrid Memory Cube Verification IP
Related News
- Transmeta to cut 100-200 jobs
- ST reveals plan to cut 2,300 jobs in Europe
- ARM set to cut 3% of jobs, imposes pay freeze
- Mindspeed to cut jobs in wake of Picochip buy
Latest News
- GF unveils roadmap to deliver the world’s most advanced FD-SOI platform for Physical AI
- GlobalFoundries marks Dresden expansion milestone, announces next-generation platform for Physical AI
- TSMC September 2026 Revenue Report
- Lattice Collaborates with Arm to Advance Secure, Adaptable AI Data Center Infrastructure
- ZLG Selects CAST CAN XL and TSN IP for Next-Generation Vehicle-Network Development and Test Tools