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.
And this is the main issue ta NXP. Wrong people are being laid off all the time, and the company is paying a hefty price for that. Unfortunately, leadership seems oblivious to this fact. We need all new management, on most if not all levels. Then, and only then we might be able to make this ship go in the right direction once again.