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Thursday, July 24, 2014

Broadcom to cut 2,500 jobs

Broadcom to cut 2,500 jobs


With no buyer in sight for its cellular baseband unit, Broadcom (BRCM) has decided to wind down the business and lay off 2,500 people. The company made the announcement during its third quarter earnings call yesterday, noting that 250 sales and administrative employees have already been let go.

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