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OC Broadcom Office Bears Brunt of Cuts

San Jose-based Broadcom Ltd. will slash nearly 700 employees in Irvine as part of a nationwide cost-cutting plan under Chief Executive Hock Tan.

Irvine is so far bearing the brunt of layoffs following Avago Technologies Inc.’s $37 billion buy of Broadcom Corp. that closed this month. The local operation at University Research Park will shed about 29% of its workforce, according to filings with the California Employment Development Department (see related story, page 74).

The chipmaker will cut another 180 employees in San Jose, Santa Clara and Sunnyvale, according to the agency.

The Business Journal earlier reported that Tan cleared out nearly the entire management team at Broadcom Corp. after the sale closed. The disclosures surfaced in regulatory filings related to recent stock sales and indicated that eight top executives lost their jobs and were listed as “former” employees.

The cuts in Irvine and elsewhere had been expected since the companies announced the sale in May. The newly formed company is the third largest chipmaker in the world, with about $15 billion in annual sales.

—Chris Casacchia

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