Published 2/3/2009
by Eric Savitz
at BARRONS.com: Tech Trader Daily
Broadcom (BRCM) disclosed in an SEC filing this afternoon that it plans to cut its workforce by about 200 people, or 3% of its workforce. The company said it has begun implementing the plan and expects to complete the cuts later in 2009. Broadcom said it expects to take $8 million to $10 million in restructuring charges related to the restructuring.
Broadcom last week indicated that it planned to cut jobs, but didn’t provide the details.
(link)
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