NXP just borrowed 1B. The "party" will continue, music is still on.
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Topics regarding layoffs at NXP
An Amercian manager of RF told me today that infineon is discussing with NXP to buy RF and DN IP from NXP, will this result in major layoff ? and can this be related to full SIP IPS ? Prepare your CVS guys
Inside source tells me "YUGE" layoffs coming for former DN people. Timing is expected to be mid to late October. Auto and MC managers are being told to prepare a (short) list of who they think should be saved. They're still shopping the division, but... read more
Seems like noone can post
Anyone hearing anything about the $5B buyback or was that just a load of BS shoveled into the press to stop panic? It seems nothing is happening with this stock prices couple of months after Q payed NXP the breakup fee. Nothing is appearing in the... read more
Is this real ?
I heard big layoff is coming pretty soon!!
There was no mass layoff in DN as promised. It's cheaper to lay off in bits and pieces. If you don't find something in a couple of months to justify your salary, then good luck. No clarity was provided on what DN folks should focus on beyond end of... read more
Let's see how many heads will be chopped off. The next guy is RF. Ricks bar is busy to make progress until 11th of September to kiss many Ilsa's in Casablanca ;-) After such long silence an avalanche should come. Prepare the CVs :-)
Call me an eternal (and maybe even unrealistic) optimist, but what if there are no huge layoffs as a result of the failed merger with Qualcomm? They had to pay us $2 billion when they gave up on the acquisition, wouldn't that be enough to soften some... read more
Someone has been buying millions of Jan 19 options at 120 and 125 strike prices. It’s a very very long shot but hopefully they know something we don’t. Management has kept their mouth shut, either because they have no clue what to do or they are... read more
One thing everyone should know by now is that NXP is not transparent. There is no regular company news other than what you can read in the press. Nobody gets emails explaining new technology or an expanding section in the company. People get fired in... read more
We all know they are coming. It'd be nice to know when.
I have no idea about strategy but Clemmer and Underlings are having a dog and pony show in New York City on September 11 to reassure their backers (brilliant planning as usual to pick that date in that city). All those investors will just love their... read more
NXP mgmt has failed to articulate what is their vision now that Q is not happening. Looks like they are clueless headless chickens just running around. Many of the executives talk in the air with no real solid roadmap.
Heard from one of the bosses that DN is almost done. Large layoffs planned. Workforce Merge with other departments may be.
Anybody hearing when the repurchase is to take place? is it the full 5 billion? Clemmer mentioned on bloomberg that he may do some small acquisitions as well so this makes me a bit nervous about how big the repurchase will be. Anywhere near 110 and I... read more
Analysts asked question about DN in the earnings conference calls. Employees asked many questions about DN in the internal business review. Does anyone know about something going on? Last quarter CEO said about we will see how much we will continue... read more
Deal to be approved today at 08:00 AM Beijing time The beijing time new papers mentioned that Q/AND decision will be today approved , CHINA played the same game with Toshiba to approve deal at last minute of last day. Just wait 3 more hours
...and yet our shares keep dropping in price. Either way you look at this we are screwed.
From Qualcomm boad. "" Monday July 23 is the real date Some chinese forums stated that on next Monday july 23 SAMR(state admin for market regulation) will meetup for final Q/N deal decision, most probably deal will be approved accordingly as CHINA s... read more
It looks like Qualcomm deal will truly be dead in the water next week. I honestly don't know how I feel about this. We are looking at layoffs either way, so hopefully this option ends up bringing fewer of them... read more
Lots of put option trading on this stock at the close each day. Everyone is making a bet how far it will drop.
When this merger doesn't happen by the 25th, both nxp and qualcomm will walk away and nxp stock will fall to the high 80s from the not so surprising event just from investor fatigue. Clemmer will be forced to act, even coerced, and expect a high... read more
In premarket in US
Real reorg hasn't occurred yet because NXP is waiting for the takeover of QCOM. FSL acquisition was part of this plan. If takeover is approved the real planned slaughter will start after this. If not that will happen anyway. Everywhere in the company... read more
It seems to me this deal is probably dead - investors are not on board. Q have extended the tender offer again (27th time?) and now the number of tendered shares is down to 4.8%. Not exactly a vote of confidence in either Q or our board/exec team.
https://www.investopedia.com/news/qualcomm-stock-may-fall-15-amid-slashed-estimates/ Post out showing Qualcomm is heading for a double digit fall Q3. NXP is currently overvalued at a 30+ multiple. None of this looks good. I wonder what NXP with... read more
Are you hoping we get acquired by Qualcomm or that sale does not happen? I'm personally torn. i'm not sure we can survive in the long run without Qualcomm, but I know the acquisition will come with major layoffs and that very few people will be safe... read more
I heard that some decent packages were offered in this round of cuts? I'm thinking there is no way Qualcomm is bringing us all in. Is this the end of the decent packages? Are any more on offer or is it going to get ugly? Any one with info on the next... read more
The cuts since the NXP takeover seem to have been heavily FSL based? Is this because labor laws are nonexistant and its easy? The merger was not 1+1=2, it seems that revenues are about. FSL only had about 18000 employees to begin with. I wonder what... read more
Do we have any idea how big was the latest round of layoffs? From posts here it is obvious that it was global, sites from all over were hit, but as for the number it's really hard to determine based just on these posts. Also, anybody else suspects... read more
Chandler AZ, also have seen layoffs in the RF BU - down 19% in last quarter and getting worse. Cutting into the bone now after several other layoffs and attrition. I can't see any upside for that BU. Clemmer doesn't like it and the GM has done a bad... read more
People are let go, multiple sites around the world, multiple business units, today and tomorrow
It's almost time to get married. Again!
Some sporadic layoffs on European sites of NXP since Freescale merger in 2015. Because of the law regulations NXP employees in Europe feel comfortable and are still not aware of approaching avalanche. Acquisitions Qcom/NXP or Broadcom target huge... read more
Last year all was fairly good, now all of the sudden things move, people are complaining and there are rumors about layoffs in Eindhoven.