Marvell Technology cuts jobs amid industry slowdown, including China R&D team.

Marvell Technology, a US semiconductor company, is laying off its entire research and development team in mainland China, eliminating about 320 jobs, or 4% of its global workforce, in response to an industry slowdown. The move is expected to affect most of Marvell's research and development operation in mainland China, while only about 5% of these layoffs will be conducted in the US. The company has decided to concentrate its China-based resources on customer-facing teams to best support its local customers and business opportunities.