Qorvo is burning through money. Layoffs are coming.
10 replies (most recent on top)
@5bz There's nothing to warn about if it's rumor. Also - again - you presented no hard evidence. Solid logic there guy. This is getting nowhere. Go ahead and have the last word.
@5bt Again, what "proof" do you want, there is no proof, this site encourages rumors as well as hard evidence. You're larping as a compassionate individual now, but when people tried to warn others you were on the high horse. You're as disgusting as my former manager.
@5af - I only ever asked for proof. You didn't present any, but merely waited until something happened to say "see, told ya." People have lost jobs and livelihood and your goal is to try and score points by saying "I told you so" anonymously.... Cool story bro.
@dx how do you know its rumor...did you not see the December layoffs coming????
https://www.thelayoff.com/post/@OP+1k62pvx5m
I wouldn’t be surprised if they did voluntary layoffs for support roles.
Not sure where this poster got his info but simply Wall Street has an article available...quote below:
"Qorvo (QRVO) is catching investors’ eyes this week after reports surfaced detailing the company’s manageable net debt position alongside a sharp decline in its EBIT over the last year. The story here is a classic balancing act: on one hand, Qorvo’s ability to comfortably cover interest expenses signals there is no immediate debt threat; on the other, a 14% fall in EBIT has introduced new doubts about future earnings resilience and the durability of its balance sheet."
That isn't anything new; the questionable debt to earnings ration is an ongoing debate.
@OP- show the receipts or this is purely rumor.
When?