Press Esc to close
Friday 26 May 2017
News updated at 4:39 PM IST

Texas Instruments plans to pinkslip 170 people in India

Shayan Ghosh Bangalore:Dec 5, 2012 DH News Service 21:52 IST
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
German Chancellor Angela Merkel (R-L), former US President Barack Obama and Heinrich...

German Chancellor Angela Merkel (R-L), former US President Barack Obama and Heinrich...

External Affairs Minister Sushma Swaraj greeting Indian woman Uzma at Jawahar Bhawan after she...

External Affairs Minister Sushma Swaraj greeting Indian woman Uzma at Jawahar Bhawan after she...

Police officials stand by the wreckage of the Sikorsky VT-CMM helicopter, carrying Maharashtra...

Police officials stand by the wreckage of the Sikorsky VT-CMM helicopter, carrying Maharashtra...

Supporters of Indias Bharatiya Janata Party (BJP) try to break a police barricade during...

Supporters of Indias Bharatiya Janata Party (BJP) try to break a police barricade during...

A supporter of Bharatiya Janata Party (BJP) smashes an overturned car during a protest against...

A supporter of Bharatiya Janata Party (BJP) smashes an overturned car during a protest against...

Members of Sadou Asom Nirman Sramik Union under the banner of CITU staging a protest...

Members of Sadou Asom Nirman Sramik Union under the banner of CITU staging a protest...

Pakistan occupied Kashmir (PoK) refugees shouting slogans during a protest for their various...

Pakistan occupied Kashmir (PoK) refugees shouting slogans during a protest for their various...

Activists of All Bodo Students Union (ABSU) taking out a protest rally against an alleged fake...

Activists of All Bodo Students Union (ABSU) taking out a protest rally against an alleged fake...

NCC cadets of Jammu and Kashmir unit raising patriotic slogans after performing drills during...

NCC cadets of Jammu and Kashmir unit raising patriotic slogans after performing drills during...

Relatives and villagers attending the funeral of eight activists who had lost their lives...

Relatives and villagers attending the funeral of eight activists who had lost their lives...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.