It must seem like a pretty regular blog subject here in the world of blue_pixel, but sadly once again the spectre of redundancy rears his ugly head here at NXP. I've been here at Philips/NXP just over five years now and four out of those five years has seen redundancies. A meeting last week revealed the need to 'let go' another 10% of the head count here, another 38 poor unfortunate souls to loose their jobs. Added to that all of the sub-contractors on site are to be terminated too, that's another 50 heads going. So, a grand total of 88 people.
All the job cuts will be done and dusted by the end of May apparently, which seems a long way off and it's a long, long time to wait not knowing who's for the chop.
With the job market in the semiconductor industry looking flat and sadly deplete and with the economy looking a little grim, it's going to be a tough time to loose your job.
Watch this space...
3 comments:
Ouch. I'm sure no one is relishing the wait. Wonder if they announce it early to see if anyone will start looking for another job and leave on their own. That happened a lot at my last company (900+ employees down to about 15 in a bitty retail sales office -- all within about a 5 year period).
I used to go through all that when I worked full time. It's so unsettling!
I don't think there is 'good' time to loose your job.
FIngers crossed you are ok.
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