PMC-Sierra Inc. today announced 200 layoffs and the closure of two of its R&D centers in an effort to save some $40 million a year.
PMC-Sierra, a Santa Clara, Calif.-based provider of broadband communications and storage semiconductors, said the job cuts will effect R&D Centers in Allentown, Burnaby and Bangalore.
Today’s move isn’t a new strategy for PMC-Sierra. History of layoffs at PMC-Sierra.
2015: 200 jobs cut
2013: 300 jobs cut
2007: 193 jobs cut
2006: 40 jobs cut
2005: 89 jobs cut
2003: 176 jobs cut
2001: 350 jobs cut
In Bangalore 40 employees are laid off on 24-07-2015.