Texas Instruments cut 3400 people.

KommentariiVseobschaya optimizatsiya22.01.2009IT companies have begun to publish the financial crisis otchetyKompaniya Texas Instruments, known as a manufacturer of processors, will reduce the 3400 people, representing 12 percent of the state, reports IDG News. The reductions associated with the fall in demand for products, which is caused by the economic crisis.
Of the 3400 people who will leave Texas Instruments, 1800 will be dismissed. 1600 dismissed on his own will or will retire.
Downsizing is part of a campaign to optimize the costs Texas Instruments. It was expected that as a result of a manufacturer of chips will save up to $ 700 million a year.
Along with the announcement of the reduction of Texas Instruments unveiled the financial results of the fourth quarter of 2008. According to them, the company quarterly earnings for the year fell from 753 million to 107 million.
Earlier it was reported reductions in other companies engaged in production of chips. In particular, close five plants and the dismissal of at least five thousand people going Intel. AMD plans to reduce staff by nine percent. IBM has already been dismissed from their Canadian office a little less than three thousand people.