Is the cost of acquiring Brocade too high? Broadcom announces layoffs of 1,100 people

[The acquisition of Brocade is too expensive? Broadcom announces layoffs of 1,100 people] June 15 news, according to Reuters, US chipmaker Broadcom announced on Thursday that after completing the acquisition of Brocade communications system, it has cut about 1,100 employees to reduce the acquisition of Brocade The cost of the communication system.

It is understood that in November last year, Broadcom completed the acquisition of a $5.5 billion purchase of network equipment manufacturer Brocade.

Broadcom said that about $143 million in restructuring expenses had been generated in the first two quarters of 2018, mainly due to staff severance. Most of the employee turnover compensation is expected to be paid in the third quarter.

In the documents submitted to the regulatory authorities, Broadcom revealed that the company is conducting further evaluation of its resources and may also cut other positions.

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