Broadcom filing: 1,100 layoffs in Brocade merger

Broadcom filing: 1,100 layoffs in Brocade merger

Technology News

Broadcom filing: 1,100 layoffs in Brocade merger

Broadcom filing: 1,100 layoffs in Brocade merger

 

In its 10-Q documenting, Broadcom adds some shading to rebuilding accuses of the data that it's ended around 1,100 specialists regarding its merger with Brocade Communications.

It brought about $35M in rebuilding costs amid the quarter finished May 6, and a sum of $143M in those expenses in the two quarters finished on that date.

"Administration is presently further assessing our assets and business needs and may dispose of extra positions, which would bring about extra rebuilding costs," the recording peruses.

In the interim, it additionally says that it began actualizing cost diminishment exercises related with the Broadcom/Avago merger, going up against rebuilding expenses of $14M last quarter and $45M add up to for the two quarters finished May 6, and $22M and $64M for the quarter and two quarters finished April 30, 2017, individually

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