weareliferuiner

  • Home
  • TECH
    • APP
    • APP REVIEW
    • GADGETS
    • IOS
    • MAC
    • SMARTPHONE
  • COMMUNICATION
  • LIFESTYLE
    • BEAUTY
    • FAMILY
    • FESTIVAL
    • FITNESS
    • FOOD & DRINK
    • HEALTH
  • MONEY
  • Chocolate
  • PRODUCTIVITY
  • NEWS
  • Contact Us !
Reading: Apple Supplier Broadcom to Slash 1,900 Jobs Globally
Share
Aa
Aa
weareliferuinerweareliferuiner
Search
  • Home
  • TECH
    • APP
    • APP REVIEW
    • GADGETS
    • IOS
    • MAC
    • SMARTPHONE
  • COMMUNICATION
  • LIFESTYLE
    • BEAUTY
    • FAMILY
    • FESTIVAL
    • FITNESS
    • FOOD & DRINK
    • HEALTH
  • MONEY
  • Chocolate
  • PRODUCTIVITY
  • NEWS
  • Contact Us !
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
weareliferuiner > TECH > SMARTPHONE > Apple Supplier Broadcom to Slash 1,900 Jobs Globally
SMARTPHONE

Apple Supplier Broadcom to Slash 1,900 Jobs Globally

sristy
Last updated: 2016/03/09 at 8:15 AM
By sristy 2 Min Read
Share
SHARE
Apple Supplier Broadcom to Slash 1,900 Jobs Globally

Chipmaker Broadcom Ltd, the company created following the merger of Avago and Broadcom, said it would cut about 1,900 jobs globally across its businesses.

Shares of Broadcom, which also supplies to Apple Inc, were up 8 percent at $148.20 in extended trading on Thursday.

The company said it expects to take charges of about $650 million related to the job cuts through 2018.

Avago completed its $37 billion deal for Broadcom last month.

Revenue for the legacy Avago business fell 4 percent to $1.77 billion in the three months ended Jan. 31.

On an adjusted basis, the company reported revenue of $1.78 billion, above the $1.75 billion analysts’ on average had expected, according to Thomson Reuters I/B/E/S.

The company’s net income fell to $377 million, or $1.30 per share, in the first quarter, from $429 million, or $1.49 per share, a year earlier.

Excluding items, the company earned $2.41 per share, well above the average analyst estimate of $2.30.

Broadcom forecast adjusted revenue of $3.55 billion, plus or minus $75 million, for its second quarter ending April. Analysts on average were expecting $3.57 billion.

© Thomson Reuters 2016

Download the Gadgets 360 app for Android and iOS to stay up to date with the latest tech news, product reviews, and exclusive deals on the popular mobiles.

Tags: Apple, Broadcom, Mobiles, Tablets, Telecom
[“Source-Gadgets”]
TAGGED: 1, 900, Apple, Broadcom, Globally, jobs, Slash, Supplier, to
sristy March 9, 2016
Previous Article Xiaomi Mi 5’s First Flash Sale Sees 4 Million Units Sold: Reports
Next Article Lava Iris Fuel F2 With 3000mAh Battery Available Online

Latest News

Unveiling the Sweet World of Makeup: i Heart Revolution Chocolate Palette
Chocolate
From Patient to Professional: How To Use Your Recovery Journey To Help Others
NEWS
Quotes About Personality to Achieve in Life
NEWS
The Irresistible Delight of IHOP Chocolate Pancakes
Chocolate
Here’s Why You Should Consider an Early Halloween-themed Pop-up Store
Here’s Why You Should Consider an Early Halloween-themed Pop-up Store
NEWS
Unveiling the Sweet Secrets of Hudson Valley Chocolate
Chocolate
How Much Caffeine in Swiss Miss Hot Chocolate
Chocolate
Hot Chocolate Song Lyrics: The Sweet Melodies That Warm Your Soul
Chocolate

Removed from reading list

Undo

Lost your password?