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CA labor lawyerThe loss of a job may come as an unexpected blow or it may follow months of whispered rumblings and rumors in the employee break room. In either scenario, the end result could mean not only the loss of income, but also changes in your retirement plans and the loss of important medical benefits. In these situations, a strong termination agreement can help to protect your current and future financial security. Amidst a recent layoff initiated by a local company, the following highlights some of the most important issues in these agreements, which workers need to be aware of.

San Jose Based Firm Lays Off Workers After Acquisition

San Jose based Broadcom Inc. recently caught employees off guard when they sent a mass letter informing them of layoffs that were set to be effective immediately. According to media reports, internal documents related to the cut indicate that the global tech giant planned to cut more than 40 percent of the employees that were inherited when it acquired CA Technologies, an enterprise software manufacturer. The cuts are expected to impact roughly 2,000 of the company’s more than 4,800 workers.

Broadcom, which has more than 11,000 workers worldwide, recently moved its headquarters to San Jose from Singapore. Prior to the move, the company had been embroiled in controversy when President Donald Trump cited national security concerns in attempting to block it from acquiring mobile phone chipmaker Qualcomm Inc.

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