Based on revenue per employee comparison between Broadcom and Qualcomm, at least 20% Qualcomm headcount cut is reasonable. That is about 7000 people.
On top of it, there will be additional $0.7-1.3B cost reduction in overlapped business like WiFi meaning around 4000+ layoff in those business units even though that is one time thing.
Posted by @QoJuebQ-1hxe, sounds about right.
DWG
You all will be layoff by March 30th.
Usually the son ends up bankrupting the business that his father built.
This is what happens when a successful founder hands over his business to his son.
Guys don't worry
broadcom post avago -https://www.eetimes.com/document.asp?doc_id=1329099
up to $3 billion in savings - http://www.sandiegouniontribune.com/business/technology/sd-fi-qpatents-broadcom-20171123-story.html
I think 7000 is a reasonable number, but I think that will include the overlapping businesses already. That won‘t come on top.
It‘s still a 20+% cut.
And I strongly doubt that anything will be spun off.
Don't worry guys
Hock Tan is Asian version of corporate raider Gordon Gecko from the movie Wall Street.
WiFi Overlap will be spun off. This will be a requirement from regulators to maintain competition in the market. Acquiring company will probably cut some.