And then there's the matter of APPLE and XAOMI getting into the chip market, QC is sinking ship folks!
4 replies (most recent on top)
Only 1500 people fired. @SMPTH9i states the mean value per employee is 140,000$. In this 1st round they kicked 1500 so cost saving is 200M$ of Q this year. Despite the approval extension and layoff stocks collapsed. 7000-1500 = 5500 on the way.
These guys calculate everything long term. If there is need they can sell divisions.
The next 2 years at Q will be nightmare. Prepare yourself for worse :-)
QC missed the deal, they will regret it like YAHOO did
QC is the victim of moore's law
and OUR EXECS are still ASLEEP, somebody guide the DAMN ship