"The $1.65 trillion chip giant Broadcom cut staff earlier this week. The cuts on Thursday affected staff largely in sales, as well as customer success, account management, and solutions, according to LinkedIn posts and a person familiar with the matter. It's unclear how many roles were affected. Broadcom has been making rolling cuts at the company, including at software firm VMware, which it acquired in late 2023. VMware's workforce has been slashed by roughly in half, Business Insider reported earlier this year."
"The $1.65 trillion chip giant Broadcom cut staff earlier this week. Broadcom has benefited from the AI boom by designing chips to power the technology. It first reached a trillion-dollar market cap late last year. On Monday, it inked a strategic agreement with OpenAI for 10 gigawatts of custom AI accelerators. Broadcom did not respond to a request for comment."
Broadcom cut staff earlier this week, primarily in sales, customer success, account management, and solutions roles. The number of roles affected is unclear. The company has been conducting rolling cuts across the business, including at VMware, which Broadcom acquired in late 2023. VMware's workforce has been reduced by roughly half, and Broadcom has increased prices on VMware products. Broadcom has benefited from the AI boom by designing chips to power AI technologies and reached a trillion-dollar market cap late last year. Broadcom recently signed a strategic agreement with OpenAI for 10 gigawatts of custom AI accelerators. Broadcom did not respond to requests for comment.
Read at Business Insider
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