Thread regarding NXP layoffs

No innovation at NXP

A comp which is continuously chopping off lowperf focuses on only upgrades of legacy products. There cannot be innovation in such a toxic env. It's a kind of wait time before a restructuring. xFSL and Q times were like this and still ongoing. Rumors like S and that top guys mentioned in the calls that spinoffs could come is a sign of upcoming avalanche. Auto market in China which is main part of revenue is in stagnation. This year revenue goes down. To control costs cuts are fastest way. There isn't actually lowperf. It's an excuse to fire. Rest can do legacy anyway. Such env have lot of politics. Don't expect reasonable things. This music can take 2-3 years until SG&A (opex) goes from 10% to 7%. Good luck dude!

Originally posted by @VT9O5t4-2fcxe, on point.

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Post ID: @Y9MkeGD

6 replies (most recent on top)

The worst thing that ever happened to Freescale was NXP. There was some innovation prior to the sale. Now there is/has been nothing but layoffs. Innovation is looked down on.

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Post ID: @Y9MkeGD-jffc

It's game over for Innovation at NXP because the majority of the top flight engineering talent has left over the last 5 years. There were just better companies elsewhere.

What is left is an operational organization and a focus on opex expenses. Some of this has come down on the top engineering talent because they were expensive.

GUESS WHAT NXP? YOU WANT TO BE TOP FLIGHT - GET RID OF SOME OF YOUR MANAGEMENT id--tS AND HIRE TOP ENGINEERING TALENT. HALF THE d---s RUNNING ENGINEERING ARE PRODUCT MARKETING TYPES with some kind of c-ap engineering degree. RESULT?

Contrary to what they think in Eindhoven and their private equity backers this is an engineering company AND the reason it is worth nothing today is because it has been gutted of engineering talent. If you are an investor you simply cannot figure out where the money is made based on the quarterly and yearly reports. You can't figure out much in fact about the internal structure of the company. So how are you going to value it? How is anyone going to value it? Accident?

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Post ID: @Y9MkeGD-jkac

They are cutting costs where it is going to hit them more. Instead of getting rid of non productive managers, they are laying off remaining core engineering experts which always bail them out of technical problem situations.

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Post ID: @Y9MkeGD-8zsk

N sxxxks, if I were Clement I woulb lay off 50% in all regions

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Post ID: @Y9MkeGD-2xey

Remember The Freescale Discovery Lab? It did not take long until Clemmer closed it down.

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Post ID: @Y9MkeGD-1hhj

chopping off all emplyees in Taiwan and China can save a big number of money

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Post ID: @Y9MkeGD-1pbu

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