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Intersil to cut 11% of workforce

5/23/2012 11:33 PM EDT
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SG1279
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Layoffs
SG1279   7/27/2013 11:07:32 AM
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I think there are other reasons as well for layoffs rather than just business conditions. 

IMHO ISIL is setting itself up for sale in 6-9 months. Don joined the board recently after selling NatSemi and the CEO has changed recently as well.

Laying off engineers cannot be a growth strategy. They are prepping for buyout and trying to improve bottomline numbers/ratios to get better valuation. (just my theory).

anon3860072
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re: Intersil to cut 11% of workforce
anon3860072   5/26/2012 6:15:16 AM
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It is particularly tough for the engineers in California. I wish there be a substantial cut to the pay & bonus for the CEO and VPs as a condolence to those laid-off engineers! After all, should the senior management be held accountable for the business failures?

mcgrathdylan
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re: Intersil to cut 11% of workforce
mcgrathdylan   5/24/2012 6:02:46 AM
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Tough day indeed. Just when it seemed things were picking up across the industry...

george.leopold
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re: Intersil to cut 11% of workforce
george.leopold   5/24/2012 12:24:41 AM
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This on top of 27,000 jobs at HP. Another tough day for engineers.

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