Large layoffs and reorg to hit silicon valley soon

Updated 2x: Chip company will be a little less giant soon

Flaming WaferThere 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.

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Charlie Demerjian

Roving engine of chaos and snide remarks at SemiAccurate
Charlie Demerjian is the founder of Stone Arch Networking Services and is a technology news site; addressing hardware design, software selection, customization, securing and maintenance, with over one million views per month. He is a technologist and analyst specializing in semiconductors, system and network architecture. As head writer of, he regularly advises writers, analysts, and industry executives on technical matters and long lead industry trends. Charlie is also available through Guidepoint and Mosaic. FullyAccurate