Thread regarding NXP layoffs

Big layoffs coming soon

When this merger doesn't happen by the 25th, both nxp and qualcomm will walk away and nxp stock will fall to the high 80s from the not so surprising event just from investor fatigue. Clemmer will be forced to act, even coerced, and expect a high round of layoffs. He has been treating RF and DN as step children for a while now, so those will be the first to go followed by trimming of several product lines in Auto and MCU with hundreds layed off in both. Don't expect RF and DN guys finding shelter in Auto or MCU, that is just a ploy to keep their business heads engaged. Expect a Bloodbath, it's a result of directionless meandering for last two years almost since the merger discussions started. This is not mere speculation, but based on current actions ongoing - lists are already circulating. There is one rumor ongoing as well - Clemmer will be let go, he has done a terrible job of growing the business while the merger was ongoing while filling his own pockets with huge share sales.

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Post ID: @Uci5agQ

10 replies (most recent on top)

When NXP merged with FSL they wanted to get rid of DN. Meeting after meeting announcing how the merger was going to work and they didn’t even mention DN. It was asked by people in DN during Q&A at a Town Hall and Clemmer admitted as much. Q was the last chance to save any piece of DN.

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Post ID: @Uci5agQ-Qtnt

not surprised! one new leader asked me to do something illegal , I rejected and exposed it but got fired. that leader is still working at N.

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Post ID: @Uci5agQ-lcnt

Is my name on these lists you're talking about?

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Post ID: @Uci5agQ-2nko

NXPI following like a rock.

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Post ID: @Uci5agQ-2lvc

Nytimes today

https://www.nytimes.com/2018/07/19/technology/qualcomm-nxp-trade-war.html

Mr. Mollenkopf, who rose through Qualcomm’s engineering ranks and helped lead chip development efforts, said the company had endured a turbulent period. But one thing is certain, he said: There will be no extension of the NXP deal deadline beyond next Wednesday, when Qualcomm reports quarterly earnings.

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Post ID: @Uci5agQ-2ojm

Can't add more. N will announce its plans after Q leaves the deal, probably 1 week after 25th July. In that earnings date N should provide the next steps in a clear way to satisfy the hungry investors. Since 2016 due to the pending acquisition N is providing neither fwd guidance nor next steps. One of the biggest investors of N, Elliott published in January 2018 that N is worth 135$. But Q acquisition process is heavily impacting in a downgrading way.

Yes also fully agree. A quite aggressive sanction could come in 2 weeks.

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Post ID: @Uci5agQ-1odg

I agree that a SP in the 80's or 90's is not supportable for long. Something will need to happen as too many investors are now on board who were expecting 110 or 127.50 and so bought in above 100. But I don't see much that can be done other than layoffs and selloffs. I think Clemmer is done. I don't see him being able to generate the revenues needed with what he has left of the company. A big piece of FSL has been destroyed in only 2 years. The only thing left may be to break up the company.

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Post ID: @Uci5agQ-1bjz

It's not breakthrough but break-even. The stock was 80-ish before Q announced end of 2016 to buy N. The decline progress is a slow, AI-controlled touchdown to the 2016 price. Biggest investors were informed probably.

The question is how long and deep the descent will go and what N will do. Buyback, layoff, selloffs are inevitable (all already planned with xFSL-N-Q deal) now the slaughter without Q. Even RC can lose his job (won't get his 500M$ souvenir, he's 60+ anyway.. next one will axe worse!). N must recover within 1 quarter because they burned money like hell and investors are hungry enough, waiting for 2 years for "synergies". During xFSL merger they had promised 500M$ annual cost saving. In 2008 a similar 500M$ program executed which cost 4500 jobs worldwide.

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Post ID: @Uci5agQ-1efd

The stock tested support today at 100.98 at the close of trading. Tomorrow should make for an interesting day. We may see it break through 100 before July 25.

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Post ID: @Uci5agQ-1eje

Before the whole qc deal, Clemmer wanted to sell DN to QC but then QC said we want whole NXP.

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Post ID: @Uci5agQ-nst

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