Marvell Technology Group signage outside the company's headquarters building in Santa Clara, Calif.
Photograph by David Paul Morris — Bloomberg via Getty Images
By Reuters
November 2, 2016

Marvell Technology said it plans to cut about 900 jobs globally and sell non-core assets in a bid to lower costs by as much as $190 million annually.

The company expects to complete the restructuring by end of October next year and bring down costs to $820-$840 million annually from $1.08 billion.

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Marvell (mrvl) has about 5,300 employees, according to its website.

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