Headquarters are getting hit once again, more than 40 people will be gone on September 10.
Our latest acquisition is not faring any better, about the same number of people will be laid of from Cavium's headquarters as well.
People in other locations will also be hit, I'm just not sure about the total number.
This will not be a good month for us.
layoffs...
Will Taiwan be affected as well?
@gjhc the CEO is absconding, selling all his shares at $24.50. Haven't heard a peep from him in a really long time, wonder what the deal is with earnings
what the fxxx? Does the ceo knew anything else except lay off? How many round till now...
@8cvt How many were let go in June/July already?
@8qnr - a.k.a HR troll - when will the rest of ~750 RIF required for $175-million in cost savings be announced?
Will they come in bits & pieces to avoid triggering WARN & employees be kept in dark?
Around 40 folks were informed way back in July, that their positions would be terminated in September. Old news, move along.
https://en.globes.co.il/en/article-marvell-israel-laying-off-90-1001244961
https://www.bizjournals.com/sanjose/news/2018/08/03/marvell-cavium-acquisition-layoffs-mrvl.html?ana=yahoo&yptr=yahoo
https://www.bizjournals.com/sanjose/news/2018/08/03/marvell-cavium-acquisition-layoffs-mrvl.html
How the hell does OP know?
On what basis is this number 40 coming from?
$175 million =~ 750 US positions