Broadcom Cuts 2,500 jobs

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tech4people
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Supply Network Guru
Really,Really Bad News
tech4people   7/26/2014 12:51:10 PM
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Rick,

This is clearly very bad news for not just those employees but also for Consumers who have lost a Valuable & Reliable Supplier here.

My Question is do you have any idea if the Job Losses are restricted to North.America or spread out across the Globe?

How much were they expecting for their Baseband Business?

No chance of a White Knight emerging if ever?

Cellular Baseband is seeing an incredible amount of Consolidation like really,really fast!

Are Consumers ready for this Eventuality?

Many Thanks!

Ashish.

tirlapur
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A new recession period?
tirlapur   7/27/2014 2:45:52 PM
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First Microsoft letting off 15000+ employees, and now Broadcom following their footsteps. Is this the beginning of a new period of recession? We have seen reports of Toshiba losing market share, and also their partners as well, can't there be some mitigation procedures?

tirlapur
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Re : Broadcom Cuts 2,500 jobs
tirlapur   7/27/2014 3:40:02 PM
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@Rick: What do you think could be some of the problems related to the dismissal of employees? Do only the low level employees get sacked or does the company sack them on the basis of performance? Also, what kind of job competition can we hope to see when these employees (obviously having more expertise) compete with freshers?

apek
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Re: Re : Broadcom Cuts 2,500 jobs
apek   7/28/2014 1:34:47 AM
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I am not at all surprised. It is quite expected behavor in monopoly capitalism. Wait for 2015 to dawn...many more layoffs would follow

tech4people
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Re: Re : Broadcom Cuts 2,500 jobs
tech4people   7/28/2014 3:13:43 AM
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Apek,

More than Monopoly capitalism this just indicates we live in a world which is over-extended(with debt) as well as heavily under the Spell of Excessive Manufacturing Capacity(thank China for that).

For the Debt,you need to thank the Clowns who run the Federal Reserve,ECB,BoJ,BoE and BoC today.

If we had real Capitalism in place,there would have been so much Excessive Manufacturing in place in the first place.

Regards

Ashish.

tech4people
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Supply Network Guru
Re: A new recession period?
tech4people   7/28/2014 3:18:40 AM
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Tirlapur,

That's primarily why you have Unemployment Insurance in the first place.

The only remedy for Excess Production(which is what is afflicting most of the Global Electronics industry today) is shutting it down some production(sometimes permanently).

It needed to happen to reduce Over-Capacity.

 

tech4people
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Re: Re : Broadcom Cuts 2,500 jobs
tech4people   7/28/2014 3:21:57 AM
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Tirlapur,

In the case of Broadcom it seems like the Whole Division is getting dumped.

In MSFT its largely(but not restricted to) The Nokia Division which is now much-much smaller thanks to the fact it has lost Market Share to Samsung and other smaller Chinese Manufacturers.

 

Rich Krajewski
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Supply Network Guru
Kind of
Rich Krajewski   7/28/2014 5:01:44 AM
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Kind of cuts into the "skills shortage" argument, doesn't it? Shouldn't we be shutting down those programs that only graduate more bodies into this obviously overcrowded field?

Hospice_Houngbo
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Supply Network Guru
Re: Kind of
Hospice_Houngbo   7/29/2014 1:07:45 PM
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@Rich:

"Shouldn't we be shutting down those programs that only graduate more bodies into this obviously overcrowded field?"

The semiconductor industry is becoming more competitive and Broadcom is trying to restructure itself in order to become a stronger company. But does that mean the semiconductor industry has become overcrowded? 



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