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Texas Instruments announced a worldwide plan on June 18, 1998, to eliminate about 3,500 jobs over the following months. It was a historical restructuring—not a 2026 layoff announcement—and the figure included voluntary departures, attrition and outsourcing as well as layoffs.
When did Texas Instruments announce the 3,500 job cuts?
TI announced the plan on June 18, 1998. The company said the reductions would take place around the world over the next few months; the announcement did not describe a single-day round of dismissals. Texas Instruments’ announcement characterized the target as approximately 3,500 jobs.
Were all 3,500 cuts layoffs?
No. TI described a job-elimination target to be reached through several methods: voluntary programs, normal attrition, outsourcing, layoffs and closure of several facilities. The announcement did not provide a numerical breakdown among those methods, so 3,500 should not be read as a confirmed count of involuntary layoffs.
Why was TI restructuring?
The company pointed to weak conditions in the semiconductor market, earlier business divestitures and its decision to leave the memory business. It said restructuring would bring support-function costs in line with the company’s overall scale and allow manufacturing resources to be combined more efficiently. TI’s announcement and contemporaneous reporting described these reasons.
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- Makes understanding math and science topics quicker and easier — ideal for middle school through college
- Built-in MathPrint feature allows you to input and view math symbols, formulas and stacked fractions exactly as they appear in textbooks
- Graph in vibrant colors to make faster, stronger connections. Powered by a TI Rechargeable Battery that can last up to one month on a single charge.
- 4-year subscription for the TI-84 Plus CE online calculator included with purchase
- Lightweight yet durable enough to withstand the demands of the classroom year after year
How was the plan connected to Micron?
The job plan came as TI exited dynamic random-access memory (DRAM), a type of semiconductor memory. TI agreed to sell its memory business to Micron Technology for approximately $800 million in common stock and assumed debt, according to contemporaneous reporting. The sale was part of the same strategic shift away from memory operations; the available reporting does not establish that the sale alone accounted for all 3,500 targeted job reductions.
What were the expected savings and restructuring costs?
| Figure | What it represents |
|---|---|
| $270 million | TI’s estimated ongoing annual pretax savings from the restructuring, as announced in 1998. |
| $233 million | TI’s second-quarter 1998 pretax restructuring charge. |
| $161 million | Severance portion of the second-quarter charge. |
| $55 million | Asset write-offs included in the second-quarter charge. |
| $17 million | Vendor cancellation and lease costs included in the second-quarter charge. |
The $270 million figure was a projected annual pretax saving, while the $233 million charge was a reported one-time restructuring expense for the second quarter of 1998. They measure different things and should not be treated as directly interchangeable.
Quick Recap
Best Value
- Color Screen. The screen size is 320 x 240 pixels (3.5 inches diagonal) and the screen resolution is 125 DPI; 16-bit color
- Rechargeable battery included. Can last up to two weeks on a single charge
- Handheld-Software Bundle. Includes the TI-Inspire CX Student Software delivering enhanced graphing capabilities and other functionality.
- Thin Design and lightweight with easy touchpad navigation.Quick alpha keys
- Six different graph styles and 15 colors to select from for differentiating the look of each graph drawn
Rank #4
- Ideal for curricula in which graphing technology may not be permitted.
- MultiView display shows multiple calculations at the same time on screen.
- MathPrint shows math expressions, symbols and stacked fractions as they appear in textbooks
- Ideal for high school through college: Algebra 1 & 2, Geometry, Trigonometry, Statistics, Calculus, Biology, etc.
- Convert fractions, decimals and terms including Pi into alternate representations.
Rank #3
- View multiple calculations at the same time: Compare results and explore patterns on-screen with the MultiView display that supports up to four lines
- See math exactly as it appears in textbooks: Display math expressions, symbols and stacked fractions exactly the way they appear in textbooks — no need to adapt to a technical syntax; provides quick access to frequently used functions
- Scientific notation output: View scientific notation with the proper superscripted exponents and see the output in scientific notation
- Explore (x,y) table of values: Students can easily explore an (x,y) table of values for a given function automatically or by entering specific x values
- The TI-30XS MultiView scientific calculator is ideal for general math, Pre-Algebra, Algebra 1 and 2, Geometry, Statistics, general science, Biology and Chemistry
Rank #2
- Fundamental, two-line calculator that combines statistics and advanced scientific functions for high school math and science
- Two-line display shows the entry and calculated result at the same time for easy understanding of the calculation
- Fraction features, conversions, and basic scientific and trigonometric functions
- Solar and battery powered
- Approved for use on SAT, ACT and AP exams
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