Broadcom To Cut 1,150 Jobs Amid Grim Fourth-Quarter Projection As The Chip Maker Struggles To Keep Up With LTE Innovation

Broadcom Corporation (NASDAQ:BRCM) announced that it will eliminate as many as 1,150 jobs to offset costs from slowing demand for its chips that connect tablets and smartphones to the Internet, weighing down its fourth-quarter projection that fell short of analysts’ estimates.

Posted: 2013-10-23 09:27:00

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