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Broadcom Laying Off LTE and Modem Design Employees

Posted by ryuzaki0 on from the hit-the-road dept.

Dawn Kawamoto writes "Within days of closing its deal to acquire LTE-related assets from Renesas Electronics, Broadcom is now taking the hatchet to its own internal LTE and modem design team members by doling out pink slips. Although several hundred Broadcom workers in the U.S. and overseas are getting layoff notices, 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."

5 of 71 comments (clear)

  1. Re:the shaft by bill_mcgonigle · · Score: 3, Insightful

    and yet the employers still expect some sort of company loyalty...

    --
    My God, it's Full of Source!
    OUTSIDE_IP=$(dig +short my.ip @outsideip.net)
  2. Re:time for a union!! by Anonymous Coward · · Score: 3, Funny

    Workers need more rights as well basic healthcare

    Why do you want to hurt the Job Creators?

  3. Re:the shaft by Anonymous Coward · · Score: 5, Insightful

    Never, ever, ever expect loyalty from ANY company. They are for-profit business constructs and don't give a shit about you except with regards to how you make them money.

    Give your loyalty to people instead.

  4. Bigger than reported by Anonymous Coward · · Score: 3, Interesting

    From what I hear through the grapevine, this goes beyond the LTE and modem design teams. Layoffs are happening in many more departments.

  5. Re:time for a union!! by Joining+Yet+Again · · Score: 3, Insightful

    The workers are the job creators. The owners hoard the means of production, meaning people who could work cannot work.

    Capitalist zealots flip this round.