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January 27, 2009

Texas Instruments cuts 3,400 jobs

DALLAS (AP) — Texas Instruments Inc., which makes chips for cell phones and other gadgets, says it will cut 3,400 jobs because demand has slackened amid a slowing economy.

The Dallas-based company said Monday that it will cut 12 percent of its work force — 1,800 jobs through layoffs and another 1,600 jobs through voluntary retirements and departures.


 
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