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Texas Instruments to cut 1,100 jobs worldwide

22
Jan
2014

By Noel Randewich SAN FRANCISCO (Reuters) – Texas Instruments Inc plans to cut 1,100 jobs in the United States, Japan and India, or about 3 percent of its global workforce, in a corporate restructuring to save $130 million by the end of 2014. In the case of Japan, the size of the market there has been declining for a number of years. While TI is better known to many consumers for its calculators, the Dallas-based company is regarded as a barometer of the chip industry because it makes components for a variety of markets, including industrial, automotive, consumer electronics and communications. March said most of TIs customers have kept their inventories extremely lean, largely because TI in recent years has increased its own store of available components so that it can fill new orders quickly. Job cuts to TIs embedded business are centered mostly on products that have seen slow growth, he said.

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