Broadcom Lays Off 1,000+ Employees

Wochit - June 15, 2018

REUTERS reports that Broadcom Inc said it had laid off about 1,100 employees across its businesses.

This in order to cut costs after its merger with Brocade Communications Systems. The chipmaker completed its $5.5 billion acquisition of network gear maker Brocade this past November. In a regulatory filing, Broadcom said it is further evaluating its resources and may terminate additional positions..

Advertisement

Recent related news

Headcount addition for business process management (BPM) services provider Hinduja Global Solutions (HGS) Ltd will remain flat in this financial year owing to...
2 days ago • DNA

US retail gaint, Walmart will reportedly hire around 1,000 staff in India for its technological operations. The move will help Walmart to be in neck and neck...
1 week ago • DNA

You might like