Texas Instruments (TXN) - Get Report shares were falling Monday afternoon ahead of the chipmaker's fourth-quarter earnings report.

Against a backdrop of massive layoff numbers and generally abysmal tech-firm performance TI shares were falling 1.2% to $14.81 ahead of the Dallas, Texas-based company's post-close report.

Current consensus estimates call for revenue of $2.37 billion (down 33% year over year and 30% quarter over quarter), with GAAP EPS of 12 cents.

In December, Texas Instruments announced it was cutting 400 jobs in the Philippines to offset a drop in orders it blamed on a frigid global economy.

This article was written by a staff member of TheStreet.com.