Broadcom Laying Off LTE and Modem Design Employees

Dawn Kawamoto writes "Within days of closing its deal to acquire LTE-related assets from Renesas Electronics, Broadcom is now taking the hatchet to its own internal LTE and modem design team members by doling out pink slips. Although several hundred Broadcom workers in the U.S. and overseas are getting layoff notices, the figure could go substantially higher because the company expects to cut roughly $45 million in operating expenses relating to the deal between now and the next 12 months."

Bigger than reported

[Anonymous Coward]

From what I hear through the grapevine, this goes beyond the LTE and modem design teams. Layoffs are happening in many more departments.