TFA says "This is the original Nokia modem team, it started work on LTE, a better part of a decade ago. These are some of the guys who created the LTE standard and were involved in the original algorithm work of LTE long before other companies were developing LTE, so we believe we found some really good talent here."
Most of those ex-Nokia, ex-Renesas people are located in city of Oulu in Finland, and a few months ago all of them almost went unemployed because Renesas run out of money; right when this new modem tool was ready for the markets. And miraculously their jobs were saved by the bell... by the Broadcom's offer.
Broadcom now laying off its people is just an aftershock to Nokia's and Renesas' failures to utilize their former talent pools properly. These kind's of event, once again, hi-light the fact that Nokia was once doing all kinds of right gizmos. But unfortunately its leadership has been failing the company
for a full decade now. In fact, those who have been leading Nokia during the last decade should never hired for any non-gargoyle jobs. The kind of waste of human creativity and stockholders' property they
caused is just sad.