Broadcom lays off 1,100 employees after Brocade merger
The chipmaker completed its $5.5 billion acquisition of network gear maker in November
A sign to the campus offices of chip maker Broadcom , is shown in Irvine, California, US, November 6, 2017.
PHOTO: REUTERS
US reaches deal to keep China’s ZTE in business
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.
Qualcomm to depose Apple services chief Eddy Cue
The company is expected to pay a majority of its employee termination costs in the third quarter.
LATEST
Big Tech’s bloody footprints
Gray imports fill Pakistan’s gadget gap but at the buyer’s expense
Amazon shares surge as AWS rebounds, AI demand lifts outlook
Nvidia to supply South Korea with more than 260,000 Blackwell AI chips
Halo comes to PlayStation, signals a new direction for Xbox
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ