Press Esc to close
Saturday 03 December 2016
News updated at 11:35 AM IST
Weather
Max: 26.9°C
Min : 18°C
In Bengaluru
Rain lightly

Texas Instruments plans to pinkslip 170 people in India

Shayan Ghosh Bangalore:Dec 5, 2012 DH News Service

Dallas-based Texas Instruments would lay off close to 170 people in its India operations primarily concentrated in Bangalore, according to sources on Tuesday.

Texas Instruments India Director (Communications) K S Narahari declined to specify the number of employees being laid off, but said in an emailed statement, “I would like to emphasise that India remains an important design and development site for Texas Instruments (TI) with employees supporting nearly all embedded processing and analog technologies. As per our policy, we will not be able to comment on the numbers.”

Media reports had earlier indicated that TI is planning slash its India workforce by effecting about 300-500 job cuts as part of a global cost-cutting program.
Narahari said that there will be opportunities for some of the displaced employees to be redeployed in other growth areas of the company.

Last month, the company had announced plans to cut 1,700 jobs globally, saying that it will reduce costs and focus its investments on the "wireless business on embedded markets with greater potential for sustainable growth”.

TI had previously outlined its intentions to focus on OMAP processors and wireless connectivity solutions on a broader set of embedded applications with long life cycles, instead of its historical focus on the mobile market where large customers are increasingly developing their own chips. These changes, the company said, require fewer resources and lesser investment in the mobile market.

The company expects yearly savings of about $450 million by the end of 2013 from the layoffs exercise. Total charges will be about $325 million, most of which will be accounted for in the current quarter.

“We have a great opportunity to reshape our OMAP processor and wireless connectivity product lines to concentrate on embedded markets. Momentum is already building with new embedded applications, and we are accelerating our efforts in these areas,” TI Senior Vice-President (Embedded Processing) Greg Delagi said recently.


Go to Top

Photo Gallery
The sunset in Kalaburgi on Friday...

The sunset in Kalaburgi on Friday...

Cricketer Yuvraj Singh and Hazel Keech during their marriage with Hindu rituals in Goa...

Cricketer Yuvraj Singh and Hazel Keech during their marriage with Hindu rituals in Goa...

Protesters throwing stones on police and CRPF amid tear smoke during a clash after Friday...

Protesters throwing stones on police and CRPF amid tear smoke during a clash after Friday...

A CRPF officer firing teargas shell at protesters throwing stones on them during a clash...

A CRPF officer firing teargas shell at protesters throwing stones on them during a clash...

A man with his son holding Kannada flag during the grand procession of 82nd Kannada Sahitya...

A man with his son holding Kannada flag during the grand procession of 82nd Kannada Sahitya...

Indias first indigenous Aircraft Carrier INS Vikrant which was undocked on completion...

Indias first indigenous Aircraft Carrier INS Vikrant which was undocked on completion...

A plane on board INS Vikramaditya during the Navy week celebrations in Mumbai...

A plane on board INS Vikramaditya during the Navy week celebrations in Mumbai...

A man transports sacks of rice in a horse-drawn cart amid the heavy fog in Allahabad...

A man transports sacks of rice in a horse-drawn cart amid the heavy fog in Allahabad...

Collecot of Nagpur Sachin Kurwe paying his last respect to the mortal remains of Nagrota martyr...

Collecot of Nagpur Sachin Kurwe paying his last respect to the mortal remains of Nagrota martyr...

Greater Flamingos fly over Chandlai Lake in Jaipur on Friday morning...

Greater Flamingos fly over Chandlai Lake in Jaipur on Friday morning...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523