Press Esc to close
Wednesday 28 January 2015
News updated at 2:40 PM IST
Weather
Max: 27.9°C
Min : 15.2°C
In Bengaluru
Partially cloudy

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
A MiG-27 of the Indian Air Force (IAF) crashes in Barmer district in Rajasthan on Tuesday...

A MiG-27 of the Indian Air Force (IAF) crashes in Barmer district in Rajasthan on Tuesday...

Goods trucks waits on Srinagar-Jammu National Highway during fresh snowfall...

Goods trucks waits on Srinagar-Jammu National Highway during fresh snowfall...

Indian and Chinese army officials standing near a rangoli, made on the occasion of Republic Day...

Indian and Chinese army officials standing near a rangoli, made on the occasion of Republic Day...

Barack Obama and Michelle Obama meet with nobel laureate Kailash Satyarthi and his wife Sumedha...

Barack Obama and Michelle Obama meet with nobel laureate Kailash Satyarthi and his wife Sumedha...

Cartoonist R K Laxman being accorded state funeral in Pune on Tuesday...

Cartoonist R K Laxman being accorded state funeral in Pune on Tuesday...

Barack Obama and  Michelle Obama greet people as they board Air Force One at Air Force Station...

Barack Obama and Michelle Obama greet people as they board Air Force One at Air Force Station...

Services' bands perform during the rehearsal for Beating Retreat ceremony in New Delhi...

Services' bands perform during the rehearsal for Beating Retreat ceremony in New Delhi...

India's BSF soldiers ride camels as they rehearse for 'Beating the Retreat' ceremony in New Delhi...

India's BSF soldiers ride camels as they rehearse for 'Beating the Retreat' ceremony in New Delhi...

Barack Obama and PM Narendra Modi recording 'Mann Ki Baat' show in New Delhi...

Barack Obama and PM Narendra Modi recording 'Mann Ki Baat' show in New Delhi...

Barack Obama and Michelle Obama stand with Saudi Arabia's King Salman...

Barack Obama and Michelle Obama stand with Saudi Arabia's King Salman...

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