Broadcom Inc. Cuts Nearly 250 Jobs in Palo Alto Following OpenAI Deal
SOURCENews reportView the filing ↗
What we know
Location: Palo Alto, California.
Based on news reporting.
Summary
Broadcom Inc. has laid off nearly 250 employees at its Palo Alto location shortly after finalizing a deal with OpenAI. This decision reflects the company's ongoing adjustments in response to market conditions and operational needs. The layoffs are part of a broader trend in the tech industry, where companies are reevaluating their workforce amid economic pressures. The affected employees were notified of their termination on October 15, 2023, marking a significant reduction in Broadcom's local workforce. The company has not specified which departments were impacted by these layoffs.
Broadcom Inc. cut 250 jobs in CA as of October 15, 2023.
That is roughly 1.3% of the 20,000 people Broadcom Inc. employs.
LayoffTalk has tracked 7 layoff events at Broadcom Inc. since October 2023, including 1,514 jobs documented in official WARN filings, with 5 additional events known from news reporting.
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