The interesting part about the Broadcom acquistion of Avago was that the number of employees impacted wasn’t that significant in SD.
Most of the employees impacted worked for the LTE group, which were already going to lose their jobs when Broadcom pulled out.
The wireless connectivity group was mostly in SD and was one of the bread and butter operations, next to the network chip group in Irvine. The wireless connectivity group got sliced and diced between partly being sold to Cypress Semiconductor (the old IOT group which is doing pretty well) here again in SD and also to NXP (the old NFC group)…Avago kept the rest of the Wireless Connectivity Group because still has a large customer basis: Samsung, Apple, LG, and other tier 1 customers….
Avago is good news for stock holders, terrible news for employees that still work there…Can you say sweatshop? You almost want to get laid off if your company gets acquired by Avago and take the package and let everyone still working their kill themselves working so your share price keeps going up.
