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.