The polite word “synergy,” which is one well-known driving force of our merger, also means
RIFs–an inevitable consequence of our merger. To a first order, to cut Newco’s cost by $135
million annually requires the RIF of 1,600 people, mostly in 2015.
It is my ongoing expectation that the Newco will end up with a 50/50 mix of employees from the
two companies. That means that during integration, we will reduce the number of employees
from each of our companies by about 800. Because the companies are merging under the
Cypress banner, Spansion employees have become aware of this fact earlier than Cypress
The polite word “synergy,” which is one well-known driving force of our merger, also means
RIFs–an inevitable consequence of our merger. To a first order, to cut Newco’s cost by $135
million annually requires the RIF of 1,600 people, mostly in 2015.
It is my ongoing expectation that the Newco will end up with a 50/50 mix of employees from the
two companies. That means that during integration, we will reduce the number of employees
from each of our companies by about 800. Because the companies are merging under the
Cypress banner, Spansion employees have become aware of this fact earlier than Cypress
การแปล กรุณารอสักครู่..
