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Avago Technologies cuts 400 jobs mainly from Asian workforce
25 September 2007 | By Mark Osborne | Recruitment News
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Avago Technologies, a private equity-owned analog semiconductor manufacturer, has said that approximately 400 jobs would be lost primarily in Asia. The cuts have come about as the company continues to adopt its manufacturing outsourcing program or asset-lite initiative.
The company expects to record a cash charge between $5 million and $7 million during its fourth fiscal quarter, ending October 31, 2007. Avago had 6,500 employees at the company in 2006. The company provided no further details regarding the particular job functions and locations that would be affected by the cuts.