Broadcom lays off 1,100 workers after Brocade merger

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Broadcom purchased Brocade in November for $5.5 billion.


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Broadcom stated Thursday it’s cut about 1,100 workers to decrease expenses considering that finishing its $5.5 billion acquisition of network equipment maker Brocade in November.

Broadcom stated in a filing with the United States Securities and Exchange Commission that it might end more positions after more examination of its resources. During the very first quarter, the San Jose, California- based business stated it sustained $145 million in restructuring charges, mainly due to staff member termination expenses.

Brocade concentrates on information storage and networking, while Broadcom offers connection elements, like Wi-Fi chips, to business like Apple, HTC and LG. The relocation comes at a time where information centers are significantly crucial, thanks to the arrival of the web of things.

Broadcom had 14,000 workers prior to the merger, while Brocade had about 4,400

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