Tag Archives: Slash

ZTE Said to Slash About 3,000 Jobs

January 12, 2017 Comments Off on ZTE Said to Slash About 3,000 Jobs

Chinese telecom equipment maker ZTE, which is facing US trade sanctions that could severely disrupt its supply chain, is slashing about 3,000 jobs, including a fifth of positions in its struggling handset business in China, company sources said. The sources said the Shenzhen-based company, one of the world’s biggest telecoms gear makers, is axing about 5 percent of its 60,000 ... Read More »

Apple Supplier Broadcom to Slash 1,900 Jobs Globally

March 4, 2016 Comments Off on 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 ... Read More »