Trip Chowdhry Of Global Equities Research Says Layoffs Are Coming; Sees Fed's Dudley As 'Clueless' On Labor Market

In what is becoming a trend on the weekends, Global Equities Research Trip Chowdhry smashes out estimate for 333,000 layoffs in the Technology Sector. According to Chowdhry, Back Expertise, Products, and Services is going to shrink as jobs in the Customer/Functional Domain increase in focus. The latter is focused on cloud services like Amazon's AWS, Google-cloud based structures, and Microsoft Azure and the former is more of a "on-premise infrastructure".
Here's the list of layoffs Chowdhry sees coming:

• EMC (EMC): Total Employees: 70,000: Between 15% to 20% layoffs = between 10,000 and 14,000
• VMWare (VMW): Total Employees:17,000: Between 10% and 15% layoffs = between 1,700 and 2,500
• HP Enterprise (HPE): Total Employees 240,000: about 30% layoffs = about 72,000
• HP Inc (HPQ): Total Employees 287,000: about 30% layoffs = about 86,000
• IBM (IBM): Total Employees 379,000: about 25% layoffs = about 95,000
• Cisco (CSCO): Total Employees 72,000: about 20% layoffs = about 14,000
• Juniper (JNPR): Total Employees 8,800: about 15% layoffs = about 1,300
• Oracle (ORCL): Total Employees 132,000: about 20% layoffs = about 26,000
• Microsoft (MSFT): Total Employees 118,000: about 15% layoffs = about 18,000 (Microsoft is letting go about 200 to 250 people every week, and none of these are ever announced)
• Network Appliance (NTAP): Total Employees: 12,800: about 15% layoffs= about 1,800
• Symantec (SYMC): Total Employees: 19,000: about 15% layoffs = about 2,800
• F5 Networks (FFIV):Total Employees: 4,500: about 10% layoffs = about 450
• Yahoo: Total Employees 12,500: about 30% layoffs = about 3,500
• Yelp: Total Employees 3,671: about 30% layoffs = about 1,000