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_hm
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CEO
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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CEO
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_
User Rank
Rookie
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
User Rank
Manager
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
User Rank
Rookie
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
User Rank
Rookie
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
User Rank
CEO
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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Rookie
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
User Rank
CEO
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
User Rank
Rookie
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.

SMA
User Rank
Rookie
re: Exar cuts 40% of jobs
SMA   4/3/2012 2:25:20 PM
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Wake up and smell the coffee! Long gone are the days when engineers in Asia were "cheap". Salaries now get very close to those in the West. Most companies these days do not relocate for cost reasons, but to get closer to customers and production, and both tend to be in... Asia.

Kinnar
User Rank
CEO
re: Exar cuts 40% of jobs
Kinnar   3/30/2012 10:33:44 AM
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It would be better thought of having an expansion compared to layoffs, as Mixed Mode ICs is having its greatest demand at this time. The CEO still says that the company is having better position after these many layoffs, this is something strange!!!!

agk
User Rank
Rookie
re: Exar cuts 40% of jobs
agk   3/30/2012 11:18:02 AM
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Any company at any time can plan and have a 10 to15 % extra human resources to safe guard the operations during peak demands.But having nearly 40% extra that is nearly double the required is some thing to be thought. Why did they have so much extra human resources?

Ed.Clark
User Rank
Rookie
re: Exar cuts 40% of jobs
Ed.Clark   3/30/2012 8:52:38 PM
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.

t.alex
User Rank
Rookie
re: Exar cuts 40% of jobs
t.alex   4/4/2012 10:01:23 PM
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Don't tell me it is Siri's voice :-)



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