I agree with @docdivakar. The business needs to adjust. And occasional pruning of bad employees is healthy. Would you rather have social economy with guaranteed employment? Well, I was born and educated in Eastern Europe, I can tell you that guaranteed employment model simply doesn't work...Kris
Emotions aside, it is impractical for any company to retain employees while bleeding red. The question is how long a business can sustain deficit spending in hopes of a turn around to recoupe later.
Companies like ADI may have been successful in the past by retaining employees while the revenues are in decline. With good leadership, vision and innovation which ADI appears to have, it can most likely turn around to sustained growth. Whereas companies like Cisco and HP have dumped product lines, business units, not to mention thousands of employees!
Dr. MP Divakar
That simply is not true. There have been brutal layoffs in wireless (pre-Mediatek), MEMS, DSP, and other groups (seem to remember something about a DSL group, but not certain). Perhaps, you work in an isolated design center on core analog products?
I wonder how much of this was related to the after effects of the natural disasters in Japan and the resultant shock to the automotive parts supply chain. Doesn't ADI have a big market share in airbag sensors and other automotive electronics?