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  • Safi Bello

Broadcom lays off 1,100 employees after Brocade merger

CNET --------- Broadcom said Thursday it's cut about 1,100 employees to reduce costs since completing its $5.5 billion acquisition of network gear maker Brocade in November. Broadcom said in a filing with the US Securities and Exchange Commission that it may terminate more positions after further evaluation of its resources. During the first quarter, the San Jose, California-based company said it incurred $145 million in restructuring charges, primarily due to employee termination costs. To learn more click on the picture below to read the article.

Broadcom lays off 1,100 employees after Brocade merger - Read More from CNET

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