So, if the deal is approved we are looking at major consolidation layoffs on both sides (and I am sure some unrelated positions will also be terminated while Qualcomm has a good enough excuse to blame it on.)
If the deal is not approved we are looking at major layoffs to help pay for the $2 billion termination fee we have to pay NXP.
Where is the upside in this?
This scenario was well known (long time ago). Either way not good for Q; wrong strategy since the beginning of pursuing this deal. It is a natural course when regular morons, not visionaries, guide a company. There is no way to run or hide fruit of bad decisions. They will slowly destroy the company and justify their strategy with blind optimism in the all hands ;) .... Next step is to give away the company's cash reserves in a form of stock repurchase to artificially push EPS upwards... Infer what is coming later
All posts who critisize layoffs are rookies who haven't experienced layoffs. Semiconductors sector is the most dynamic sector. A lot of spinoffs, acquisitions happen. Semi has high growth rate since 80s-2000s and investors like it so much that they drive management in the way they want. In this sector layoffs are normal. If you don't like it, STFU and GTFO.
Even if it goes through management will first layoff a bunch of people then mismanage it and sell it off after a year or two.
There is no upside to layoffs.
Layoffs will not make Qualcomm great again, quite the opposite.
Same for the idea to make savings by offshoring jobs for cost, False economy and brain drain.
All about short term gains at Qualcomm now.
The upside is you get a new management team.
Did you JUST figure this out while looking at a half empty glass of water.