That's what I have heard - TI is not the only company dealing with the problem, many of our peers are laying people off. I hope things turn out to be good but you never know - I've been around for a while now and I've seen things go up and down, so you'll never know when the bosses will strike but judging on the rumors I'd say it's likely we'll see layoffs in a few months.
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MCU team will suffer the most. All prototype teams will be cut in MCU. So will the complete CI Design team. Only sw support will stay
Good luck to all