Are Layoffs Good for the Semiconductor Industry?
May 2, 2016
As I have mentioned before, semiconductor professionals are very smart people, pound for pound the smartest in the workforce in my opinion. So what happens when thousands of engineers from Qualcomm, Broadcom, Altera, and Intel get shown the door? They don’t go to work for Starbucks, they don’t go to the unemployment line, they continue to innovate, absolutely.
It is not just the semiconductor industry that is shedding, in Q1 2016 technology companies cut more than 17,000 jobs. According to media reports that’s an increase of 148% compared to Q1 2015. According to a Wall Street source that number could hit 260,000 jobs in 2016.
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