I've heard lots of rumors about massive layoffs coming and no severance package. Is this based in fact or just rumor?
New logo: what were they thinking?
The new Q looks like the Quartz logo in use for years (qz.com). The original Q logo had some thought put into it. And the company is going to layoff engineers to pay for a new department of clowns?
Just a quick survey here
Who voted/will vote white and who voted/will vote blue?
Hope there is no collusion
It's getting interesting now with the ISS recommendation of 4 BRCM appointees. It could now come down to the two JANA appointees to break the tie. Those two arrived on the QCOM board under somewhat questionable circumstances. I still think AAPL was... — read more
Severance package in danger
ISS recommended to Qualcomm shareholders that they vote for four out of the six board director nominees. If that happens, it would not qualify as a CIC event. As a result, all layoffs in up coming $1billion cost cut will lose severance package... — read more
Be understanding
I have noticed some pretty insensitive commentd about the potential for layoffs telling people to get over it. That's not a bad attitude to have if you have been out of school 2 years. There are many people that have been at the Q 10, 15, or 20+... — read more
Is QRC relevant anymore after the so-called split?
What will happen to the legacy of dubious promotions that Charlie and his gang had going? Did you know, there are more directors and principal engineers than engineers and seniors in CRD. All thanks to nepotism. CRD's staff engineers with 5 years... — read more
Good Luck Everybody!
The future is very uncertain but I am grateful for the short time I have been with Qualcomm. It is amazing so many different people from all over the world can come together to create so many wonderful things. I am honored to work here but will go... — read more
PJ denied that QCP was for sale
... right up to the morning the sale was announced.
QCOM TO BECOME 1ST $1T STOCK BY 2020
5G revenues due to 2nd industrial revolution to become major growth driver. Artic, Antarctic and Amazon rain forest to have 1G bit download speeds. Even Snapchat on top of Mount Everest to become routine! Governments to paid royalties to ensure their... — read more
QCOM says it will cut $1B but Broadcom will have to cut $10B (ten times the layoff)
Broadcom plans to borrow $100B to buy QCOM, so the interest on that will be around 10% (junk bonds) and $10B interest per year. Even if they sell off divisions of QCOM to some chinese company (good luck if you are in those divisions, goodbye to gym... — read more
Which groups/Org/Team have high attrition ?
Strong quality engineers tend to leave for better opportunities/growth when evaluated against the current situations. This will be a good indicator for groups with politics and reverse holds good for groups with low attrition. Which other groups are... — read more
Does women get promoted at BRCM?
We all know women engineers , doing tech work, don’t get anywhere at QCOM. S-xism starts at the top . Is BRCM any better? Does anybody know? Serious answers only please.
Detailed Education on Broadcom
While anxiety is understood, given uncertainty, there is a lot of chatter about BRCM being "Chinese" company, taking China Debt, BRCM will stifle innovation. It saddens me to see highly qualified folks (i presume...) are making assumptions, without... — read more
It will never happen .. you will see
... There is alot of cards not played Hhhhhaaaaaahahaha hock tan thought he can grease his way in with his grandpa approuch, he underestimated the snapdragon creators in a big way. Pon hock tan , you will be the loughing stock and retire soon. You... — read more
QCOM stock $67 on March 21, 2012, no joke
And they want you to think $82 is not full value. Current management has been unable to get stock above that number EVER! Now they freeze hiring and plan HUGE layoff. Incompetent financial planning. Starts at the top. Sorry CFO, time for you to go.
Interviewed at a top 3 tech company recently
and none of the interviewers knew what Snapdragon was. Pretty much no one knows what Snapdragon in the companies I've interviewed at. And many of them have phones that have a Snapdragon. Is there a reason why there is no marketing?
Don’t worry guys !
don’t give up team! Now more than ever we have to work together and do our very very best! We are Better Together! Go Qualcomm! One team! One dream! Yes we can!
Pieces falling into place
1) ISS auditors seen all around the buildings yesterday 2) Hiring freeze announced with no transfers allowed 3) PJ softening the rhetoric and talking about selling now 4) PTE moved under Ops Seems like layoffs are on the way
Does Google have a presence in SD? Anything HW in SD?
Hi. Does Google have a presence in SD yet? Anyone have contacts in other high-tech HW companies here?
Some came to Qualcomm for security, stability
Bad move. You won't find it here, prepare for mass layoffs.
Hiring Freeze is official now
CA email just received. All hiring frozen and open job postings to be canceled. Well I’m heased out to the Valley View buffet now. Have a nice long......weekend.
Employee development
Just got an email from HR on employee development. I checked the course schedule but I don’t see any course offerings on how to speak “octane” Maybe Rosetta Stone has course on how to speak after hostile takeover due to Ayzjun inVayzjun
If you want to be laid off, then vote for Broadcom
Broadcom will take on $100B in debt (mostly from China) to buy QCOM. They will have to lay off most of the company to make the interest payments. QCOM will layoff most of engineering and just manufacture the older chips to pay off debt. Or the... — read more
Is moving to Samsung a good idea?
They seem to have a stable modem team, although much smaller.
Blue Is The Color Of The Skies
How Is that NXP tender offer coming along? What about all the open legal issues? Guys, we are getting impatient....
With large shareholders interested in the Broadcom proposal,
Qualcomm appears to be a bit more receptive. Simply put, Qualcomm has thawed a bit to Broadcom's overture.
White / Blue
Hey - I work for an unrelated company but sometimes read all boards here. What's this White Blue stuff. I know Broadcom is looking into acquiring Qualcomm and you guys do not want to be sold.
So what to poster below I just shredded another White.
QC keeps sending so many "white" proxy cards it's embarrassing never in 20 + years hae they ever sent more than 1. NXP will not go through so either way Qc is done. Broadcom buys us great some get to keep our jobs. QC stays QC great some of us lose... — read more
Just shredded another blue
Geez, they just can’t stop coming in the mail. This time with an adjusted price, but the number of board members have not been adjusted to 6. Guess I’ll have shred another one soon, both sides are wasting shareholder’s $$, why even send it to small... — read more
WHAT NEXT ?
With layoffs around the horizon with or without acquisition (NXP/BRC), stability in semiconductor industry is a far fetched dream. I do believe nothing lasts forever but makes me wonder what companies are going to be stable at least in the near... — read more
Make it stop!
Who else is so tired of this they'd be willing to sell one of their kidneys just to move on??? Just be over and done with the whole thing. Buy or don't buy, sell or don't sell - just be done with it finally!!! We'll never be able to move on or do... — read more
Hock’s offer is so low, but...
15 months later NXP deal still not cleared. Dangle a massive buyback in lieu of getting across the finish line. Good stuff....
We met, we listened, we will discuss
https://www.barrons.com/articles/qualcomm-we-met-we-listened-well-discuss-1518645913
Guys relax most of the big banks are weary
The majority of the big banks were weary of lending above $100 billion the new deal is stretch and Broadcom knows it. The pipeline sitting on the board no matter who will and cannot support it Also there would be huge issues on the regulatory side... — read more
JT email is just advising people to start looking
PTE will layoff hundreds of people !!! MIke C must be shaking now, he will be gone in no time!! It was about time PTE now moving to SG !! Excellent move!!
The deal is in the bag.
AVGO changed their slate of directors in order to secure the support of proxy advisors. The big funds will almost certainly follow the advice they get. This gives AVGO the majority they are looking for. Today's meeting is all about the remaining... — read more
Feedback please...
I’ve decided to proceed with the assumption I’m being laid off until I have confirmed otherwise. Is this a helpful approach?