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Scope, Not Scale, Drives Freescale/NXP Nuptials
Junko Yoshida, EETimes
12/7/2015 08:42 PM EST
AUSTIN, Tex. — As NXP Semiconductors and Freescale Semiconductor officially completed a blockbuster merger Monday (Dec. 7), NXP CEO Rick Clemmer declined to answer an EE Times question about the number of layoffs likely to ensue. The CEO said he won’t yet know absolute numbers for a few months.
Both Clemmer and Jeff Palmer, vice president of Investor Relations, NXP, added that the jobs affected will be mostly in support functions, rather than engineering teams. “You don’t need two Investor Relations guys, or two sets of board of directors,” Palmer explained. Palmer also added, “R&D programs and key customer-facing programs won’t be cut.”
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