yes that true ... VLSI industry is going through a tough time these days ...
many big companies reduced their work force and some have shut down including big names like connexent and all.
start ups have suffered severely, and very few of them managed to survive.... !!
With the profit margin decline every yr and current market scenario profits have went down. Resulting firing of under performing employees... and with these experienced ppl taking all freshers job ... its the fresher in this field who a suffering to the max ....