New Delhi, Mar. 4 (ANI): American fabless semi-conductor company and chipmaker Broadcom Ltd has said that it would cut about 1,900 jobs globally across its businesses.
The company said it expects to take charges of about USD 650 million related to the job cuts through 2018.
The company’s net income fell to USD 377 million in the first quarter, from USD 429 million a year earlier, Reuters reported.
Headquartered in California, Broadcom was acquired by Avago Technologies in 2016 and currently operates as a wholly owned subsidiary of the merged entity called Broadcom Limited.
Broadcom Corporation was founded by a professor-student pair of Henry Samueli and Henry Nicholas from the University of California, Los Angeles in 1991. In 1998, Broadcom became a public company on the NASDAQ exchange and now employs approximately 11,750 people worldwide in more than 15 countries. (ANI)