31 Jul '15, 6pm

Mergers and Layoffs Strike the Semiconductor and Wireless Industries

Mergers and Layoffs Strike the Semiconductor and Wireless Industries

A slow-down in the United States’ semiconductor and wireless market is spurring several companies to announce layoffs. It has also led to significant mergers and acquisitions in the past 20 months. This is changing the jobs landscape for engineers but industry insiders aren’t worried. Cellphone chip market leader Qualcomm on Wednesday announced that it would cut 15% of its workforce, which amounts to over 4,500 people. Microsoft also plans let go of about 7,800 people, many associated with its Lumia cellphone business. And Intel confirmed that layoffs are underway at that company last month. Among the major M&As in the past two years are: Avago Technologies’ acquisition of Broadcom for $37 billion; Intel’s purchase of Altera Corp for $16.7 billion; and NXP Semiconductor’s buyout of Freescale Semiconductor for $12 billion. Some of these mergers have lead to large job losses...

Full article: http://spectrum.ieee.org/tech-talk/at-work/tech-careers/m...

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