Marvell to Cut 4% of Workforce in Response to Chip Slowdown

Bloomberg2023-03-22

Marvell Technology Inc., a maker of wireless, data processing and storage chips, is cutting about 320 jobs, or 4% of its workforce, in what it said was a response to an industry slowdown.The company ...

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RL7741
2023-03-22
RL7741
Good sharing [Smile]
Take courage
2023-03-22
Take courage
Noted

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More broadly, tech companies such as Amazon.com Inc., Alphabet Inc. and Meta Platforms Inc. have slashed tens of thousands of positions.</p><p>Marvell counts Microsoft Corp. and Dell Technologies Inc. as two of its major customers, according to data compiled by Bloomberg. Marvell previously conducted job cuts in China, but the latest moves mark its first significant layoffs in the US in several years.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Marvell to Cut 4% of Workforce in Response to Chip Slowdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarvell to Cut 4% of Workforce in Response to Chip Slowdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-22 17:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-03-21/marvell-to-cut-4-of-workforce-in-response-to-chip-slowdown?srnd=technology-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Marvell Technology Inc., a maker of wireless, data processing and storage chips, is cutting about 320 jobs, or 4% of its workforce, in what it said was a response to an industry slowdown.The company ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-03-21/marvell-to-cut-4-of-workforce-in-response-to-chip-slowdown?srnd=technology-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRVL":"迈威尔科技"},"source_url":"https://www.bloomberg.com/news/articles/2023-03-21/marvell-to-cut-4-of-workforce-in-response-to-chip-slowdown?srnd=technology-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2321073602","content_text":"Marvell Technology Inc., a maker of wireless, data processing and storage chips, is cutting about 320 jobs, or 4% of its workforce, in what it said was a response to an industry slowdown.The company confirmed the move to Bloomberg News after notifying employees of the job cuts on Tuesday.“We are streamlining our organization to ensure that our workforce is positioned to take advantage of our most promising opportunities, both now and when we emerge from the current industry downcycle,” the Santa Clara, California-based company said in a statement. “Specifically, we have been taking a close look at how our teams are distributed across multiple sites, and how they are being managed to ensure their optimal performance.”Marvell joins many big chipmakers in cutting staff, with Intel Corp., Micron Technology Inc. and others taking similar steps. More broadly, tech companies such as Amazon.com Inc., Alphabet Inc. and Meta Platforms Inc. have slashed tens of thousands of positions.Marvell counts Microsoft Corp. and Dell Technologies Inc. as two of its major customers, according to data compiled by Bloomberg. 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More broadly, tech companies such as Amazon.com Inc., Alphabet Inc. and Meta Platforms Inc. have slashed tens of thousands of positions.</p><p>Marvell counts Microsoft Corp. and Dell Technologies Inc. as two of its major customers, according to data compiled by Bloomberg. Marvell previously conducted job cuts in China, but the latest moves mark its first significant layoffs in the US in several years.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Marvell to Cut 4% of Workforce in Response to Chip Slowdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarvell to Cut 4% of Workforce in Response to Chip Slowdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-22 17:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-03-21/marvell-to-cut-4-of-workforce-in-response-to-chip-slowdown?srnd=technology-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Marvell Technology Inc., a maker of wireless, data processing and storage chips, is cutting about 320 jobs, or 4% of its workforce, in what it said was a response to an industry slowdown.The company ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-03-21/marvell-to-cut-4-of-workforce-in-response-to-chip-slowdown?srnd=technology-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRVL":"迈威尔科技"},"source_url":"https://www.bloomberg.com/news/articles/2023-03-21/marvell-to-cut-4-of-workforce-in-response-to-chip-slowdown?srnd=technology-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2321073602","content_text":"Marvell Technology Inc., a maker of wireless, data processing and storage chips, is cutting about 320 jobs, or 4% of its workforce, in what it said was a response to an industry slowdown.The company confirmed the move to Bloomberg News after notifying employees of the job cuts on Tuesday.“We are streamlining our organization to ensure that our workforce is positioned to take advantage of our most promising opportunities, both now and when we emerge from the current industry downcycle,” the Santa Clara, California-based company said in a statement. “Specifically, we have been taking a close look at how our teams are distributed across multiple sites, and how they are being managed to ensure their optimal performance.”Marvell joins many big chipmakers in cutting staff, with Intel Corp., Micron Technology Inc. and others taking similar steps. More broadly, tech companies such as Amazon.com Inc., Alphabet Inc. and Meta Platforms Inc. have slashed tens of thousands of positions.Marvell counts Microsoft Corp. and Dell Technologies Inc. as two of its major customers, according to data compiled by Bloomberg. Marvell previously conducted job cuts in China, but the latest moves mark its first significant layoffs in the US in several years.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":6,"commentSize":2,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2321073602"}