Broadcom begins layoffs of its LTE team

Post Japan based Renesas Electronics aquisition, the hatchet is on its own LTE design teams across the globe. The layoff started last week in San Diego, as well as in New Jersey, Colorado and India, sources say.

The figure could go substantially higher because the company expects to cut roughly $45 million in operating expenses relating to the deal between now and the next 12 months.

+++++++++++++++++++++++++++
Advertise on this Space/Blog and see your business grow!
For more information contact us at ads@digitalelectronics.co.in
+++++++++++++++++++++++++++