HASLOO BLOG
 

Wednesday, November 14, 2012

Engadget: Texas Instruments to cut 1,700 jobs as part of its shift away from mobile

0 comments
Engadget
Engadget
Texas Instruments to cut 1,700 jobs as part of its shift away from mobile
Nov 14th 2012, 20:56

Texas Instruments office

Texas Instruments signaled its intentions to back away from the volatile mobile market as the summer came to a close. Unfortunately, we're now learning that the shift comes at a price -- as part of a wider set of cost-cutting measures, TI is shedding roughly 1,700 jobs worldwide. The chip designer hasn't said how soon the layoffs take effect, but these and the overall budget trimming should lead to savings of about $450 million per year by the end of 2013. That's not going to be reassuring to those who'll soon find themselves looking for work, although it may be necessary for TI to survive when the market for off-the-shelf mobile processors is rapidly thinning out.

Continue reading Texas Instruments to cut 1,700 jobs as part of its shift away from mobile

Filed under: ,

Texas Instruments to cut 1,700 jobs as part of its shift away from mobile originally appeared on Engadget on Wed, 14 Nov 2012 16:56:00 EDT. Please see our terms for use of feeds.

Permalink   |   | Email this | Comments


You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions

No comments:

Post a Comment

About the Author

Image result for mario garcia philippines

Written by Hasloo Network staff.