Starts are less than half of what they were last year. Layoffs have been a few people here and a few people there. Expect layoffs to be more senificant after Q2 eurnings come out.
9 replies (most recent on top)
fsyz - the situation in Europe is only happening now because they have destroyed xfsl almost completely so they have to look at Europe for savings. you will notice revenues are down but earnings are up. Guess how that happens. How much longer do you really expect N will live?
$104, loooks like this time S is going to buy N successfully! Goodluck for S, hahaha
exactly, my friend boasts their pay is high, any xFSL FAE in Taiwan is afford to buy at least two houses with two BMWs for themselves couple and send childern to private, famous school.
@auzj the same bs is happening In at least one of the EU sites. They close depts, open them again, moving people from one dept or business to another. This environment is since xFSL discussions came.
A funny thing just happened in Taiwan, their FAE team got an order to layoff some people, you guess what? their FAE leader did job rotation to let his teammates transfered to other department then transfering them back after layoff season passed. No wonder in Taiwan there’s no one laid off, maybe you guys can copy this working model.
over a hundred looks like they’re trying their best to attract buyers
N’s auto is a joke.
The king of MCU is STM.
The contractors are down to only 2 on one shift now, not sure of the total left but they cut 30 last week. They are still having a shutdown in May. My bet is there will be more actual NXP employees getting cut soon too. This is not looking good for anyone there. Everyone is scared and starting to jump ship. Production is way down, moral is tanked and yet they are telling us its okay. Not good folks. NXP is closing doors in the US. Just my opinion.
Starts are down at CHD and at our ATMC fabs. Starts are up at OHT.