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Cellular exit drives Broadcom to cut 2,500 jobs

Posted: 24 Jul 2014     Print Version  Bookmark and Share

Keywords:cellular base band  HEVC  McGregor 

[Summary of tips] Broadcom will downsize employees, affecting 2,500 individuals, after the company failed to sell its cellular base band business. It recently reported neither profits nor revenue growth for its latest quarter.Broadcom will take a $417 million charge, about $150 million of it this quarter, for the restructuring which will include......
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