Marvell Technology Inc., a maker of wireless, data processing and storage chips, is cutting about 320 jobs, or 4% of its workforce, in what it said was a response to an industry slowdown. The company confirmed the move to Bloomberg News after notifying employees of the job cuts on Tuesday. 'We are streamlining our organization to ensure that our workforce is positioned to take advantage of our most promising opportunities, both now and when we emerge from the current industry downcycle,' the Santa Clara, California-based company said in a statement.

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-03-22-story-h-275294375-Marvell_to_cut_4_of_workforce_in_response_to_chip_slowdown

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