By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Reading: Apple Supplier Broadcom to Slash 1,900 Jobs Globally
Share
Aa
Aa
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Search
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Have an existing account? Sign In
Follow US
© 2023 BeFirsTrank News Network
News

Apple Supplier Broadcom to Slash 1,900 Jobs Globally

srijita
Last updated: 2016/03/04 at 3:11 PM
By srijita 1 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.

[“source-ndtv”]

You Might Also Like

Beyond the Map: What Modern Vehicle Tracking Can Do for Your Business

What Should My Video Game Room Have?

From Traditional Payments to Innovative Solutions: How Car Insurance Is Adapting to Modern Needs

Step by Step in Selling Your Car Online

Why Use BMW Km Stopper?

TAGGED: 1900, Apple, Broadcom, Globally, Jobs, Slash, Supplier, to
srijita March 4, 2016
Share
Previous Article Lava Iris Fuel F2 With 3000mAh Battery Available Online at Rs. 4,444
Next Article Xiaomi Mi 5’s First Flash Sale Sees 4 Million Units Sold: Reports

Calendar

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    

Latest Trending News

  • The significance of independent reviews of balance bikes June 20, 2025
  • Review of Vinfast VF6: The Curvv EV rival has a lot of features. June 10, 2025
  • What is a Facebook featured viewer? June 10, 2025
  • AI on Board: Your New Partner in Risk Reduction June 4, 2025
  • How the future will be altered by artificial intelligence May 27, 2025
  • Cybersecurity audit: what it is and why you need one? May 19, 2025
  • Over the Next Ten Years, the Used Car Industry May 8, 2025

© 2023 Befirstrank News Network. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?