Texas Instruments to lay off 500 locallyTexas Instruments to lay off 500 locallyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=89752012-11-26T08:20:00Z2012-11-25T00:00:00Z

DALLAS - Texas Instruments Inc, plans to cut about 1,700 jobs worldwide, with roughly 500 in the Dallas area, to reduce costs in its wireless business. This is almost a 5 percent reduction in the company's total employment of 34,759.

According to its latest annual report filed with the Securities and Exchange Commission, Texas Instruments is accepting about $345 million in severance charges. In total, they will save about $450 million annually by the end of 2013, when the layoffs are complete.

Dallas Business Journal
Dallas-Fort Worth-Arlington
http://www.bizjournals.com/dallas/news/2012/11/14/ti-to-lay-off-1700-cut-costs-in.htmlRead more at {Source}

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