Laying of 1500 people to save $1b was an unncessary step but intended to show stock value. Now Q has to gift 2b$ to NXP. That means another round of layoff may be on the cards. I just wish BRCM deal did not fall through. But that was purchased at 7m$ to the pres. No rumor.
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350k sounds right though. Also natural attritution to laid-off would be 50:50 so that would have been estimated. Bingo on the second post.
-OP
Capex is not included. Besides capex is a pittance compared to opex. There will be another layoff of at least ~2,000 FTE to bring operating margins in line to bring stock price above $70....and I mean 2,000 as a MINIMUM.
Do the math engineers! It’s not that complicated.