Texas Instruments (TI) is actively cutting its head count at its Indian office, as part of its global restructing process. The company has already given pink slip to 300 to 500 engineers as it will now reduce its focus on making chips used in mobile phones and tablets, and concentrate on more profitable areas.
This is the first time that the company has undertaken laying off employees in India. A TI spokesperson acknowledged that employees were being let go, but declined to share numbers. Globally, the company has announced plans to lay off about 1700 employees, or 5 per cent of its workforce, and is hoping to attain annualised savings of about US$ 450 million by the end of 2013.
With about US$ 14 billion (Rs 77 billion) in revenues, TI is the third largest manufacturer of semiconductors worldwide after Intel and Samsung, and the second largest supplier of processors for mobile phones after Qualcomm.
