March 23, 2015, 4 Xilinx employees in Canada were let go. 2 were FAE's, 1 specialist, and 1 salesman. The area director was reduced to a sales guy. Other people were repurposed from specialist roles to more general purpose functions to fill the gaps. Rumor in the offices is that 30% of the global workforce is the reduction target, but this is unconfirmed. It was pointed out that the paltry 2 cent dividend announced this week is probably strongly connected to this workforce. Xilinx also got rid of their sales representative in Canada, and will move to a direct sales model supported by Avnet as a distributor. It's possible that the obscene Xilinx pricing will be reduced a tad, but don't count on it. Management is strongly incentivized to push up stock prices and EBITDA.
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