Chipmaker Marvell Technology Group Ltd said it would cut jobs in its mobile platform business, resulting in a 17 percent reduction in its global workforce.

The chipmaker said on Thursday it expects to take a charge of $100 million to $130 million related to the restructuring.

The restructuring is currently expected to result in annualized operating savings of $170 million to $220 million, the company said.

The company had a total of 7,163 employees at the end of January.

(Reporting by Vidya L Nathan in Bengaluru; Editing by Sriraj Kalluvila)

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