Broadcom is going to lay off 1,150 employees

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POSTER: computer news   ||   BROADCOM IS GOING TO LAY OFF 1,150 EMPLOYEES	DATE:2013-10-24
Broadcom company  reported on the results of the third quarter which ended on 30 September .  The announced number was better than analysts' expectations. Over the past quarter net profit Broadcom was $ 316 million, which is 43.6% more than the same period last year.  Tellingly, while revenue grew by just 1%, to $ 2.15 billion.  In the fourth quarter, Broadcom expects to gain about $ 2 billion, while analysts predicted at least $ 2.13 billion. In this case, Broadcom started the process of restructuring the company, during which unit employees engaged in manufacturing and marketing of hardware solutions and cellular modems with support for LTE, waiting for layoffs.  In the coming weeks, the company will cut 1,150 jobs.  Add that 350 people will be laid off from Renesas Electronics, which Broadcom recently acquired for $ 162 million. Related Products :

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