A fact. Need cost synergies of acquisition. Translation of cost synergies is LAYOFFS.
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Post Jul 25th will see more SAVINGS for the stockholders. More bonuses for the gulfstreamers.
NXP will see a few 'synergy'/'duplication' layoffs but mostly the axe will fall on the bloat and non-bloat. The villagers will close ranks and those not part of the village targeted. Remember, the data hoarders will close up communication and to achieve any kinda of work you'll need to engage in the "info barter" system. Oh, and the mysteriously wrong and misleading intranet data will contiue to smoke screen.
Highly doubt NXP will be impacted much, already been through multiple VC rounds, op margin higher, QCOM Chipset group will get the hit, still lots of fat
@gce 500M wast the former promise of N when they had acquired FSL. Now with Qualcomm it's been 1B$ what Q promised in January ( http://www.sandiegouniontribune.com/business/technology/sd-fi-qualcomm-shareholder-20180116-story.html ). As a part of it 1500 gone at Q side. After takeover, the new company can update this number to higher number. Nevertheless there will be nightmare on ex-N side as well. It can't be on Q side forever! 25th of July is approaching. Let's see when they start to axe people afterwards!!!
Speaking as a European, we won’t be stunned at all.
Europe isn’t a country and therefore doesn’t have labour laws.
French laws are very different from the Netherlands, which again are very different to Germany, the UK etc.
QC have just made redundancies in the UK, France, Spain etc. It was certainly a learning experience for Qualcomm, but the company is getting the experience that’ll benefit them when it comes to finding those $500m synergies.
The Europeans will be stunned when they found out their labor laws do not protect them in this case. 50% of them gone. Plus more here of course - but not SM.
Accretive value = GTFO layoffs !!!!