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Exar cuts 40% of jobs

3/28/2012 11:51 PM EDT
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_hm
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re: Exar cuts 40% of jobs
_hm   3/29/2012 12:34:26 AM
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Dinardo should have put in more efforts to save all these jobs. Was these cut mainly for technical job or otherwise?

daleste
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re: Exar cuts 40% of jobs
daleste   3/29/2012 2:11:46 AM
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This is a small company, but I think they have to be really out of control to need to lay off 40% of their workforce.

jg_
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re: Exar cuts 40% of jobs
jg_   3/29/2012 9:45:41 AM
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Wow -40% in two months, is some hatchet job. Even those left, will be polishing their CV's...

goafrit
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re: Exar cuts 40% of jobs
goafrit   3/29/2012 12:58:55 PM
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Bad news for many families. One of the things I hate about capitalism

phoenixdave
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re: Exar cuts 40% of jobs
phoenixdave   3/29/2012 1:30:50 PM
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I wonder how much of the 40% was domestic and how much from overseas operations. It may be that they are now subcontracting some services in order to keep internal costs down?

t.alex
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re: Exar cuts 40% of jobs
t.alex   3/29/2012 1:40:47 PM
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From which departments are these jobs?

C VanDorne
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re: Exar cuts 40% of jobs
C VanDorne   3/29/2012 2:59:13 PM
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You are all missing the larger point here. Companies are not in business to provide jobs. They are in business to serve markets and make money doing so. What is Exar's primary market and is it shrinking, or stagnant? If it's growing then why was Exar unable to meet that market's demands?

old account Frank Eory
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re: Exar cuts 40% of jobs
old account Frank Eory   3/29/2012 5:27:03 PM
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For a company with only 270 employees and $120M per year in revenue, they seem to be excessively diversified -- products & business segments in communication, datacomm & storage, interface and power management. And bleeding lots of cash. Perhaps DiNardo is preparing to sell a business unit or two, so they can focus on just one or two things they see as growth opportunities, and at the same time raise some cash.

Bert22306
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re: Exar cuts 40% of jobs
Bert22306   3/29/2012 9:17:06 PM
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DiNardo said: "Our basic cost structure is sound; we have a major design center in China, a majority of test operations offshore and we are now a lean organization." My bet is, they are moving most of the company to China (design and test, I bet manufacturing is mostly done there too?). One wonders when the CEO will move. I was listening to an interesting NPR program recently, about expats. There are apparently plenty of opportunities for people willing to relocate overseas. When I was growing up, this applied to Western Europe. I think these days, best to look to the Pacific rim. This is a logical result of globalization, after all. And I'm not sure that a government policies can stop it from happening.

phoenixdave
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re: Exar cuts 40% of jobs
phoenixdave   3/29/2012 10:11:21 PM
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How would the salaries compare between expats and full-time residents in the Pacific Rim? I can't imagine a lot of people would want to relocate for a $350/month salary.

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