Conexant announces layoffs

Newport Beach-based Conexant Systems Inc. on Wednesday announced

plans to lay off 400 workers in its Mindspeed unit following a

third-quarter net loss.

“Mindspeed’s performance over the past two quarters clearly

indicates that our business is recovering more quickly than the

Internet infrastructure market as a whole,” said Raouf Halim, chief

executive of Mindspeed, in a statement. “However, it is equally clear

that the overall market is recovering at a slower rate than

previously anticipated.”

Conexant, which last year halted expansion plans for its offices

at MacArthur Boulevard and Jamboree Road, announced layoffs in March

2001 of 1,500 employees worldwide, including 450 of 2,700 workers at

its Newport Beach site.