Location: United States.
Department affected: Sales and Accounts.
Based on news reporting.
Broadcom Inc., a major player in the semiconductor industry, has announced layoffs affecting approximately 2,000 employees, primarily in its sales and accounts departments. This decision comes as part of a broader restructuring effort aimed at streamlining operations and reducing costs amidst a challenging market environment. The layoffs are expected to impact various locations across the United States, reflecting the company's response to shifting demand in the technology sector. Broadcom's management indicated that these cuts are necessary to enhance efficiency and maintain competitiveness in a rapidly evolving industry.
Broadcom Inc. cut 2,000 jobs affecting its Sales and Accounts team as of October 1, 2023.
That is roughly 10% of the 20,000 people Broadcom Inc. employs.
LayoffTalk has tracked 6 layoff events at Broadcom Inc. since October 2023, affecting a combined 3,247 employees.
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