RF Micro Announces 350 Job Layoffs

GREENSBORO, N.C. (WGHP) -- RF Micro Devices plans to lay off approximately 350 employees worldwide as a result of a reduction in the company's investments in wireless systems. The company said it will eliminate approximately $75 million in annual expenses related to cellular transceivers and GPS solutions in order to focus on semiconductor components. The layoffs are expected to be completed over the next six months.