EmploymentSpectator » Marvell Technology Group http://www.employmentspectator.com Fri, 30 Jul 2010 20:51:49 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Marvell Technology Cuts 850 Jobs http://www.employmentspectator.com/2009/03/marvell-technology-cuts-850-jobs/ http://www.employmentspectator.com/2009/03/marvell-technology-cuts-850-jobs/#comments Fri, 06 Mar 2009 18:22:06 +0000 Erik Even http://www.employmentspectator.com/?p=5376 BlackBerryCalifornia’s Marvell Technology Group will cut 15% of its workforce, or 850 jobs.

Marvell, which manufactures semiconductor components for the iPhone and BlackBerry, has seen a drop-off in demand.

The job cuts will come from all areas of the company. The firm has imposed company-wide salary freezes, cut some salaries, suspended bonuses and consolidated facilities.

Marvell posted a loss in its fiscal Q4 of $65 million, versus a profit of $1.3 million a year ago.

The company is incorporated in Bermuda but has headquarters in Santa Clara, California.

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