Approximately 1,560 employees across the U.S., 1,258 of which were in California.
5 replies (most recent on top)
Stock was never going to pop on the layoffs. This has been baked in for months. The problem is that QC is a sinking ship. Throwing 10% of the crew overboard might slow the descent but it won't stop it.
Hard to layoff in Europe because of unions.
Also feel disappointed.
Making a list of 1.5k took almost 2 months, speechless.
Reacting to the 20% revenue drop and weak guidance, it is much less than enough.
Stock market was expecting more.
Anyone know numbers from Europe, China, India?