There is a massive layoff and reorganization coming to a silicon valley chip company in the near future. SemiAccurate has heard the plans from multiple sources, enough to say with confidence that this is a big one, and several senior people are already sending out resume’s.
Update Nov. 20 @ 1pm: There is an official statement from the company in question below.
Update 2 Nov. 21 @ 11:55am: Two of three points in this story, have been confirmed to SemiAccurate, the third part is said to be happening in Q1.
Note: The following is analysis for professional level subscribers only.
Disclosures: Charlie Demerjian and Stone Arch Networking Services, Inc. have no consulting relationships, investment relationships, or hold any investment positions with any of the companies mentioned in this report.