Arris Warns of 10% Cuts

Arris has made ‘substantial progress’ in the integration of UK STB company Pace (Arris to Acquire Pace for $2.1 Billion). The company closed the deal in January, following a declaration of full year 2015 revenues of $4.8 billion. Arris has predicted Q1’16 revenues of $1.5 billion $1.6 billion.

In a recent media statement, Arris said that it plans to lay off about 800 employees; equivalent to 10% of its worldwide workforce. The move is part of a restructuring effort, following the Pace acquisition.