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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 174.690.0%Dec 24 12:59 PM EST
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To: TwinDubbs who wrote (145483)4/20/2018 8:13:52 PM
From: pcstel  Read Replies (1) of 197031
 


"Regarding Avago's acquisition of Brocade in 2017, according to an 8-K SEC filing the headcount of Brocade went from 4,600 employees to 5,948 employees."

Headcount went UP?? I don't think that data is Factual either.. The majority of these buyouts/layoffs occurred in 2016/ early 2017 and were carried out by Brocade management after the merger ran into delays. Sort of like the same layoffs that are now taking place at Qualcomm..

"Sorry to correct you again, but this is not speculation, this is based on publicly available facts."

Here are some publicly available facts
November 29, 2017
"Broadcom will chop 300 Brocade jobs in San Jose after acquisition"
mercurynews.com

So Broadcom laid off 300 Brocade employees after the acquisition was completed. Out of a work force of 4,600 at the time of the finalization of the merger. That equates to a 6.5% reduction.. Far, Far from your 30% figure. Are these the publicly available facts you are referring to? Because they do not align with your speculation of double digit layoffs.

Qualcomm current layoff amounts to about a 4% reduction. Don't really see this "Scorched Earth" Mentality in the 6% of Brocade?

Like I said.. Just monsters in the closet!

And so it goes,
PCSTEL
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