Broadcom (Now part of Avago) seems to have laid -off it approximately 80 to 90 employees from server team affecting jobs in USA and India. Top management to bottom engineering level, all seems to been affected by this move. Sometime back i heard rumors about Broadcom selling its Server business to unknown company. It is evident from the move that Avago doesn't believe R&D, just get the products out which can make money for it.
You may recall, since Avago acquired Broadcom in multi billion deal it has announced job cuts in large number to align its business priorities.
Showing posts with label Lay-off. Show all posts
Showing posts with label Lay-off. Show all posts
Broadcom to lay-off
Another lay-off in sight in addition to the big one recently announced by Microsoft - Nokia. Broadcom tried to sell its cellular baseband business, ultimately failed to attract anyone ! Earlier Texas Instrument (TI) closed its OMAP platform. We know it is bad for employees, what about VLSI industry as a whole? Are big guys like Qualcomm establishing its monopoly further? Or is that technology is not growing in tandem with benchmark standards? This is not a trend to welcome !
Broadcom to lay off 2,500 employees
Broadcom to lay off 2,500 employees
Subscribe to:
Posts (Atom)