Marvell Technology Inc. reportedly will shed 4% of its global workforce, the latest Silicon Valley company to announce job cuts, citing a slowdown in the...
Marvell Technology Inc. MRVL reportedly will shed 4% of its global workforce, the latest Silicon Valley company to announce job cuts, citing a slowdown in the semiconductor industry. Late Tuesday, Bloomberg News reported that Marvell said it was going to trim its workforce of 320. The company last reported having 7,448 employees. Shares of the chip maker were down less than 0.1% after hours, following a 1.9% gain to close the regular session at $41.13.
... Marvell Technology Inc. MRVL reportedly will shed 4% of its global workforce, the latest Silicon Valley company to announce job cuts, citing a slowdown in the semiconductor industry. Late Tuesday, Bloomberg News reported that Marvell said it was going to trim its workforce of 320. The company last reported having 7,448 employees. Shares of the chip maker were down less than 0.1% after hours, following a 1.9% gain to close the regular session at $41.13.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FDIC extends bidding for Silicon Valley Private Bank, Silicon Valley Bridge BankThe Federal Deposit Insurance Corp. said Monday it’s extending the bidding for former units and assets of Silicon Valley Bank, which has been renamed Silicon...
Read more »
Silicon Valley Bank collapse was 'Lehman moment for technology,' top Goldman Sachs dealmaker saysThe collapse of Silicon Valley Bank was 'a little bit like the Lehman moment for technology,' a top Goldman Sachs dealmaker told CNBC.
Read more »
NKE Stock Price | Nike Inc. Cl B Stock Quote (U.S.: NYSE) | MarketWatchNKE | Complete Nike Inc. Cl B stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
Read more »
Technology stocks like Microsoft and Apple are outperforming the S&P 500 by the widest margin in yearsMegacap technology stocks like Amazon.com Inc., Microsoft Corp. and Apple Inc. have outperformed the broader market by the widest margin in years following...
Read more »
Wine, Skiing, and Loans: How Silicon Valley Bank Became Startups’ Best FriendSilicon Valley Bank treated startup founders like royalty long before their companies ever generated a profit or even raised significant funding.
Read more »
Silicon Valley Bank's parent company cut off from bank's recordsSVB Financial , the bankrupt parent company of Silicon Valley Bank, has lost access to its financial records after the bank was placed into receivership by the Federal Deposit Insurance Corporation (FDIC), according to court documents filed in Manhattan on Sunday.
Read more »