What is the likelihood of Freescale Semiconductor layoffs in Austin in 2016? Please let me know if you have any information.
4 replies (most recent on top)
Lay offs are already happening. I would know because I'm one of the people who got cut...
I work at the location off of William cannon and Effex already laid people off or sent them to ATMC. Now in a few weeks NXP is going to start to lay off some converted employees.
NXp only wanted the patents and the customers. will be surprised if Freescale will be here in 5 years
3rd quarter revenue dropped 7.7% year over year, and during the recent results conference call management projected a weak 4th quarter.Cash reserves fell by 200 million to 552 million. Based on those financials it's not a question of if layoffs are coming, but when.