Press Esc to close
Thursday 02 October 2014
News updated at 3:51 PM IST
Weather
Max: 29.9°C
Min : 20.7°C
In Bangalore
Sunny day

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
Nokia India Sales Marketing Director Raghuvesh Swarup launches the new Nokia Lumia ...

Nokia India Sales Marketing Director Raghuvesh Swarup launches the new Nokia Lumia ...

India's Mary Kom is lifted by her coach after she won the gold in women's flyweight boxing ...

India's Mary Kom is lifted by her coach after she won the gold in women's flyweight boxing ...

Bollywood actress Sushmita Sen attends the Durga Puja celebrations in Mumbai ...

Bollywood actress Sushmita Sen attends the Durga Puja celebrations in Mumbai ...

A huge statue of Mahatma Gandhi in Bengaluru a day before its inauguration ...

A huge statue of Mahatma Gandhi in Bengaluru a day before its inauguration ...

Silver medal winner India's Tintu Luka poses at the podium during the medal ceremony ...

Silver medal winner India's Tintu Luka poses at the podium during the medal ceremony ...

Boxer Mary Kom kisses shares a moment with her kid after winning the gold medal ...

Boxer Mary Kom kisses shares a moment with her kid after winning the gold medal ...

Damaged coaches after Krishak Express and Barauni Express collided near Gorakhpur ...

Damaged coaches after Krishak Express and Barauni Express collided near Gorakhpur ...

India's boxer Sarita cries at the podium after refusing to accept the bronze medal ...

India's boxer Sarita cries at the podium after refusing to accept the bronze medal ...

People look at the damaged coaches after Krishak Express and Barauni Express collided ...

People look at the damaged coaches after Krishak Express and Barauni Express collided ...

Indian tennis legend and global ambassador of the sport, Vijay Amritraj addressing during ...

Indian tennis legend and global ambassador of the sport, Vijay Amritraj addressing during ...

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