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<blockquote data-quote="texan" data-source="post: 1055096" data-attributes="member: 38206">Texas Instruments to lay off 1,700NEW YORK (CNNMoney) -- Chipmaker Texas Instruments said Wednesday that it will lay off 1,700 workers&nbsp;in an effort to shift focus away from its struggling mobile business.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; The job cuts represent about 5% of TI&#039;s staff, and they are part of a previously announced restructuring&nbsp;initiative aimed at cutting costs and increasing its presence in the burgeoning embedded device market. Shares of Texas Instruments (<a href="http://money.cnn.com/quote/quote.html?symb=TXN&amp;source=story_quote_link" target="_blank">TXN</a>, <a href="http://money.cnn.com/magazines/fortune/fortune500/2012/snapshots/407.html?iid=EL" target="_blank">Fortune 500</a>) rose about 1% in afterhours trading.</blockquote>

[QUOTE="texan, post: 1055096, member: 38206"] [B]Texas Instruments to lay off 1,700 NEW YORK (CNNMoney) -- Chipmaker Texas Instruments said Wednesday that it will lay off 1,700 workers in an effort to shift focus away from its struggling mobile business. The job cuts represent about 5% of TI's staff, and they are part of a previously announced restructuring initiative aimed at cutting costs and increasing its presence in the burgeoning embedded device market. Shares of Texas Instruments ([URL="http://money.cnn.com/quote/quote.html?symb=TXN&source=story_quote_link"]TXN[/URL], [URL="http://money.cnn.com/magazines/fortune/fortune500/2012/snapshots/407.html?iid=EL"]Fortune 500[/URL]) rose about 1% in afterhours trading. [/B] [/QUOTE]

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