In a move designed to cut spending costs, Avago Technologies Finance Pte. Ltd. has announced that it is to axe approximately 230 jobs from its global workforce – around 6% of the company’s total staff. The job cuts will result in charges of $6 to $8 million, mainly in cash, the majority of which will be recorded in financial results for 1Q09, with the remainder listed in reports for 2Q09.
