A sign to the campus offices of chip maker Broadcom , is shown in Irvine, California, US, November 6, 2017.
PHOTO: REUTERS
Broadcom said it had laid off about 1,100 employees across its businesses to cut costs after its merger with Brocade Communications Systems.
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The chipmaker completed its $5.5 billion acquisition of network gear maker Brocade in November.
Broadcom is further evaluating its resources and may terminate additional positions, it said in a regulatory filing.
Broadcom said it had incurred $143 million in restructuring charges, primarily employee termination costs, during the first two quarters of its fiscal 2018.
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The company is expected to pay a majority of its employee termination costs in the third quarter.
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