Mindspeed layoffs 15% cut costs to survive

Mindspeed layoffs 15% cut costs to survive

Electronic enthusiast network news: Network infrastructure chip manufacturer Mindspeed Technology, announced Monday (July 23) that it plans to lay off 80 people as part of the restructuring plan to achieve the purpose of reducing costs.

Mindspeed's move hopes to reduce annual expenses by about $ 13 million. In an analyst conference call for the company ’s quarterly report on Monday, Mindspeed CEO Raouf Halim said that the company ’s restructuring plan changed from a traditional cable company to focusing on broadband CPE processors, high-performance analog chips and small wireless base station products.

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