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ObamaEconomy – Texas Instruments to Axe 1,700 Jobs, Take $325M Charge due Policies Not Racism

NEW YORK (Reuters) – Texas Instruments said on Wednesday that it would eliminate 1,700 jobs worldwide to cut costs in its wireless chip business as it is moving away from making application chips for smartphones.

The chipmaker said it expects to take charges of about $325 million related to the job cuts, most of which will be accounted for in the current quarter. It expects annualized savings of about $450 million by the end of 2013 from the action.

Texas Instruments to cut 1,700 jobs in cost reduction effort


About Wayne Dupree

My name is Wayne Dupree or as most of you know me by, Newsninja2012. I am and have been committed to exposing the Democrats in a way that has been frowned upon by some conservatives and cheered by many more.

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