What a strange company Inphi is. They laid off perfectly good engineers in a booming economy. I literally know of no other company that is laying off engineering talent.
Every single tech company is doing this. Replacing good and knowledgeable engineers who are older and have more years with the company under their belts and replacing them with much cheaper millennials with no experience.
Makes no sense to me, but I guess immediate savings beat any long-term thinking on the effects of such moves.