No company is perfect but Broadcom is edging baseband and suffered loses which is a much better explanation than what greedy QC is doing. Plus CEO MBA boy announced 15% layoff company wide which amounts to ~4500 but so far only 1400 are let go. What happened? More lies? Was he expecting more people to jump ship or more volunteers? Why the deceptive and inconsistent news? It's like getting stabbed by a knife slowly and then pushing it centimeter by centimeter until the person is dead. Just get it over with Mr MBA.
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You forget that WARN act only requires they report FTE employees (fulltime perm), and not contractors, or those who left earlier with a package. I hear that over 1800 consultants go the boot to as well as over 1000 people left prior. Plus the temps (via CWF - contingent work force) will be decimated by 70% between now and June 2016). That's over 3500 people iin San Diego alone here in CWF.
BRCM's MBA count is highly correlated with the rise of casualties suffered by the Islamic State. It's true, because I just made it up. And yes, I realize correlation does not imply causation.
@Anonymous163748, link? I'm not sure how PowerPoint capital of the world is calculated, but I'm interested in your metrics. Similarly, what is Broadcom's MBA count per dollar of revenue ratio, and what is that ratio for the next company in the list?
Go to Broadcom's site here, search the web. They will get ANNIHILATED by Avago, they were not acquired to grow Avago's headcount and footprint - it was a strategic play going after specific market segments, patents and customer base. They will cut 4 to 8 thousand people within next 18 months. Wait and see. In addition, if you know how BRCM works you are aware that they have more MBAs per dollar of revenue than any company in the industry, the corporate office is the PowerPoint capital of the world. QC is not ideal, but we are much more engineer-led than them. It's not rosy over here, on the contrary, but please do not compare us to BRCM in any respect
163133 - Not praising BC. I said they have their issues but it more obvious why they are making cuts. QC is making cuts to "pivot" the fallen bank accounts into thier accounts. Also they want to "pivot" the RSUs back into the pool to make their new escorts happy.
Wait until next year before you praise Broadcom. Argo is already rumored to be planning a 5000 person layoff.
There was (and has been) massive amounts of attrition. This was likely part of the master plan as well. If people quit voluntarily, they don't have to pay severance!
1400 was CA only, based on WARN notice