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Trident to cut 20% of staff to lower costs

9/26/2011 12:47 PM EDT
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abraxalito
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re: Trident to cut 20% of staff to lower costs
abraxalito   9/28/2011 1:05:43 AM
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@peter - thanks for the background. Perhaps the 'cost cutting' is really trimming the fat then rather than placating the accountants. Time will tell.

sharps_eng
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re: Trident to cut 20% of staff to lower costs
sharps_eng   9/27/2011 10:59:36 PM
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In the UK I expect most of these people will find jobs, they will have skills that are in short supply. The older ones, well, someone has to make room for the young ones to get started, especially those with young families. On the other hand, the unskilled job market hasn't improved for generations, since the 1980s. Technology has made many low-end jobs disappear, that's the irony.

wilber_xbox
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re: Trident to cut 20% of staff to lower costs
wilber_xbox   9/27/2011 1:30:18 PM
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true to the last bit. Reading all these depressing news makes me feel like 2008 era.

elctrnx_lyf
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re: Trident to cut 20% of staff to lower costs
elctrnx_lyf   9/27/2011 12:38:00 PM
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Yeh, taking out the smaller staff could put lot of schedule on the project and could fill in some in security among the other employees to quit their jobs.

Peter Clarke
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re: Trident to cut 20% of staff to lower costs
Peter Clarke   9/27/2011 12:26:55 PM
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@abraxalito The management did fall on its collective sword in January 2011 (see http://www.eetimes.com/electronics-news/4212330/Trident-s-top-execs-resign) This is the "turn-around" CEO appointed in June 2011 (see http://www.eetimes.com/electronics-news/4216712/Former-Anadigics-CEO-to-lead-Trident-Micro)

abraxalito
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re: Trident to cut 20% of staff to lower costs
abraxalito   9/27/2011 8:32:37 AM
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Surely to effectively reduce costs, the axe must fall only on the fat, not on the lean. To have gotten 20% overweight is really an indictment of management which should, by rights, fall on its collective sword. Getting in smarter managers would be an effective 'turnaround strategy' otherwise its just a roundabout strategy. This 'cost cutting' is probably massaging the bottom line to placate the beancounters.

pinhead1
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re: Trident to cut 20% of staff to lower costs
pinhead1   9/26/2011 5:14:54 PM
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And not only that, it's rare that schedules are adjusted to compensate for the reduced workforce - therefore, those that are not cut are 'fortunate' enough to find themselves with a lot of extra work to do, and no raise because "you're lucky to have a job, look at all those people we just fired." Not that I'm bitter ;-)

goafrit
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re: Trident to cut 20% of staff to lower costs
goafrit   9/26/2011 2:57:40 PM
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The usual Wall Street model - use families to balance competition. It rarely works because those that remain will all be looking for jobs.

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