PMC-Sierra Cuts 200 Jobs

PMC-Sierra Inc. today announced 200 layoffs and the closure of two of its R&D centers in an effort to save some $40 million a year.

PMC-Sierra, a Santa Clara, Calif.-based provider of broadband communications and storage semiconductors, said the job cuts will effect R&D Centers in Allentown, Burnaby and Bangalore.

Today’s move isn’t a new strategy for PMC-Sierra. History of layoffs at PMC-Sierra.

2015: 200 jobs cut

2013: 300 jobs cut

2007: 193 jobs cut

2006: 40 jobs cut

2005: 89 jobs cut

2003: 176 jobs cut

2001: 350 jobs cut

In Bangalore 40 employees are laid off on 24-07-2015.

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What better way to get ready for being acquired ?

Let's face one true. PMC purchase Wintegar, Passive and also some other small company in recently years. Only Wintegar and Passive are cost more than 0.6 Billion. Both Wintegar and Passive product line are closed this year. It means the money is totally wasted. With such huge mistake, how can such CEO still be there?

PMC-Sierra Layoff History:

2015: 200 jobs cut(40 in Bangalore),

2013: 300 jobs cut,

2007: 193 jobs cut,

2006: 40 jobs cut,

2005: 89 jobs cut,

2003: 176 jobs cut,

2001: 350 jobs cut

PMC layoffs every two years as it is unable to win in present market conditions and poor quality of engineers.

Reference: http://investor.pmcs.com/phoenix.zhtml?c=74533&p=irol-newsArticle_Print&ID=2070643

PMC-Sierra's top level management is extremely stupid. No vision at all. Laying off for every two doesn't make sense.

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PMC-Sierra Cuts 200 Jobs

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