Skip to comments.Texas Instruments to lay off 1,700
Posted on 11/14/2012 4:00:19 PM PST by 2ndDivisionVet
Chipmaker Texas Instruments said Wednesday that it will lay off 1,700 workers in an effort to shift focus away from its struggling mobile business.
The job cuts represent about 5% of TI's staff, and they are part of a previously announced restructuring initiative aimed at cutting costs and increasing its presence in the burgeoning embedded device market. Shares of Texas Instruments rose about 1% in afterhours trading.
The Dallas-based company had made some headway in the smartphone market a few years ago. But recently the biggest mobile phone makers, including Samsung and Apple have opted to design their own chips for their respective Galaxy smartphones and iPhones...
(Excerpt) Read more at money.cnn.com ...
When the jobs-created figure and the unemployment-statistic are published, I suspect the vast majority of Americans think they are hard data, too. But they're not.
They're polling numbers, estimates, guesses. And who knows how they're manipulated? We're going to be hearing about more and more lay-offs. Want to lay odds on their showing up in the official numbers?
Slip slidey down the hell hole of 0bamanomics......
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