In premarket in US
Topics regarding layoffs at NXP
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.
Any layoffs planned at oakhill
Layoffs are sure in Bangalore, management will put "Needs Improvement Rating" and push you out, BEWARE Already many engineers have been told what ratings they will get !
Confirmed from multiple sources that NXP has made deep cuts to their global sales and FAE teams. If you're not a 100M customer they don't really care about you.
European nations have strict labor laws. Hard to layoff people there. So I think us employees will suffer most. Qualcomm will not fire their employees.
NXP guys run.
Qualcomm laid off all CSR folks after they acquired CSR. Will they do the same to NXP.
If HR had any concern about the current degenerate and rotten culture at Qualcomm, they would have started by cleaning up their own house. HR and Employee Relations are part of the problem themselves. They are run by semi-literate individuals who do... read more
Q has over 30% "status collectors" who don't do anything but collecting status and claim credits. Is it the same with NXP?
This one is from QC's board: What are your thoughts on the next round of layoffs, in light of the recent news that "Qualcomm Is Said to Be in Talks to Buy NXP Semiconductors" - is this going to be something that will help or not help as it relates to... read more
80% of the Digital Networking group was let go in Austin.
Chandler Fab being ruined by "Columbus 1492" cost per mask layer. We were doing so well as Freescale, now it seems the NXP merger is the worst thing that could happen here at the Chandler fab. Instead of having more money to work with, we have had... read more
NXP is a great company - the field of ESD protection / EMI filtering and low loss rectification/power switching is a great for profit margins and that will be the case in 2016 and 2017,. We here in Holland do not lay people that easily we always want... read more