Texas Instruments to lay off 1,700

CNN Money ^ | November 14, 2012 | David Goldman

[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...

[BfloGuy]

When TI lays off 1,700 employees, it's hard data. It will happen.

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?

[Uncle Miltie]

Slip slidey down the hell hole of 0bamanomics......

[ex91B10]

Three major announcements in about a week involving TX companies in the D/FW area: TI, Navistar and Research in Motion totalling close to 2500 workers.

Ouch.

Impeach the kenyan or secession.