Topics regarding layoffs at NXP
The replacement of experts is a short term measure though and the window for selling NXP may be closing. The lack of experts means that the k--ler products that would be worth real revenues are drying up. One example would be the i.mx6 versus the... read more
This is the real game. If the board and the executive believed in this company they would be buying stock and selling them at a profit, not giving themselves this kind of money. If RC is given 300Mil then what are the board getting? Why? What are the... read more
20 people are being fired in NL combined. Both Nijmegen and Eindhoven combined. And RC gives himself $300,000,000 bonus!
They are cutting costs where it is going to hit them more. Instead of getting rid of non productive managers, they are laying off remaining core engineering experts which always bail them out of technical problem situations. And this is the main... read more
Layoffs are happening in Austin at NXP Oak Hill. I know a maintenance tech that worked there for over 20 years and they can laid off the other day. Has anybody else hear anything more about layoffs that have happened yesterday? Do we know if it was... read more
A comp which is continuously chopping off lowperf focuses on only upgrades of legacy products. There cannot be innovation in such a toxic env. It's a kind of wait time before a restructuring. xFSL and Q times were like this and still ongoing. Rumors... read more
Starts are less than half of what they were last year. Layoffs have been a few people here and a few people there. Expect layoffs to be more senificant after Q2 eurnings come out.
Layoffs yesterday and today, to continue into front half shift tomorrow morning. All fab workers including maintenance and operators and process techs so far. On Monday who knows there may be engineers or office people involved. SADLY none of the... read more
Is this real ?
4 were let go
Do you think there may be small/medium/large NXP Semiconductors N.V. Layoffs in 2019?
Just wondering why Clemmer is still in charge of this company? Performance appears ordinary since the failed merger. What's the holdup on putting a new CEO and team in place?
Some news where Sam might be looking at buying N !
I imagine some people thought that Qualcomm's interest in acquiring NXP would revive after the meeting of the Chinese and the US President, in which it was stated that Chinese authorities stated that they are willing to reconsider approving this... 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
Last year all was fairly good, now all of the sudden things move, people are complaining and there are rumors about layoffs in Eindhoven.
How is the RSU allotment in NXP? Does NXP provide RSUs to everyone in G4?. With NXP remaining independent do we expect a grant this time around? Previous company used to provide good number of RSUs that would vest annually.
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
50 laid off in Netherlands. Half Nijmegen and half Eindhoven. Identification in Eindhoven hit hard. Layoff also in Austin TX.
$80 Brace for impact!
The stock dropped to a multiyear low today after testing $84 several times this week. It was higher than this level in Feb of 2014. At what point do we have a SGM and start replacing board members and firing this management team? There have been a... read more
NXP just borrowed 1B. The "party" will continue, music is still on.
“As the number of connected objects is expected to reach 40 billion by 2022, there is a growing trend of organizations seeking more secure and feature-rich connectivity solutions,” said Phil Sealy, Principal Analyst at ABI Research. “Solutions such... read more
CFO also mentioned at the Deutsche Bank technology call on 13th Sep that "they probably have to sell some non-strategic low margin business" to achieve 57% margin. BTW the 1B$ these guys have received from investors quite recently, is a "bridge... read more
Folks, Any news about depart to be sold ? except Mcu and Auto nothing garanteed
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
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
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
I heard big layoff is coming pretty soon!!
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 :-)
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
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.