Broadcom is further evaluating its resources and may terminate additional positions, it said in a regulatory filing.
Broadcom which has mushroomed in value by buying out rivals in the past decade's surge in mobile phone production.
Broadcom Inc said it had laid off about 1,100 employees across its businesses to cut costs after its merger with Brocade Communications Systems.
The chipmaker completed its $5.5 billion acquisition of network gear maker Brocade in November. Broadcom is further evaluating its resources and may terminate additional positions, it said in a regulatory filing.
Broadcom said it had incurred $143 million in restructuring charges, primarily employee termination costs, during the first two quarters of its fiscal 2018. The company is expected to pay a majority of its employee termination costs in the third quarter.
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( Source : reuters )
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