They let go at least 1200 globally. This is before NXP acquisition. Overlapping position will be eliminated after acquisition in November. Hopefully that’s last big lay off of the year.
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As if they're going actually get NXP
OP why November? Both comps already wasted time because regulatory formalities. End of July is Q3 so i would expect they announce it immediately after last approval. Of course if China approves.
If not then Q will fire next round because they had promised in January 1B$ to shareholders. I don't think shareholders will be so much patient. They have already been waiting for a result. I think they will do next steps asap after it's clear after 25 July
Hope the stock tanks so executives management is forced to leave. Paybacks a B!
1500 too low. I expect around 2500