http://www.cnbc.com/2015/07/22/qualcomm-q3-earnings-2015.html?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=102855508 Works out to a $10k cut per worker but we all know how things work at the Q with respect to executive and VP... — read more 

15% wokforce cut, some offices will be closed, RSU/bonus reduction... if they do not lay you off now, it's better to leave anyway...

Thanks god, we are safe in my division. I heard QCT is just a machine, can move them to oversees.

Rock on!

It doesn't sound like they've fully implemented it yet and know who to cut, so it seems more like a gradual RIF...

are a bunch of dollar and cents and shareholder value... Nothing about innovation, technology, etc. Q definitely isn't anything like what the Q was under Irwin....

4500 Folks gone. Most likely most of them from SD & SJ. May be even more, as they want to increase the mix in low cost areas. For rest of the folks less bonus/RSU ( to save 300mil). Pretty much 2 persons out of 10 folks you know are un employed now. — read more 

I'll just show up.

http://www.cnbc.com/2015/07/22/qualcomm-q3-earnings-2015.html

Barry Rosenstein: "We support the bold steps the Board and management are pursuing to enhance stockholder value and are pleased to have worked constructively with them in this endeavor."

Brent Scowcroft and Duane Nelles have retired from the Board − Donald Cruickshank had previously informed the Company that he will not stand for re-election in 2016 − Raymond Dittamore has advised the Company that he does not intend to stand for... — read more 

have been added to the Board

Aggressively right-size cost structure; 2. Review alternatives to the Company’s corporate and financial structure; 3. Reaffirm intent to return significant capital to stockholders; 4. Add new Directors with complementary skill sets while reducing the... — read more 

A huge reduction in RSU grants and bonus, ($300million), some headcount reduction, and some consolidation from all the acquisitions. In short, it doesn't sound that bad. Well, at least for now... Having two JANA folks on the Board however spells the... — read more 

I've been with QCOM for well over a decade. My personal view from having witnessed the changes over the years is the following: Irwin was a great leader, and is a great man. He mainly cared about the people who worked for him, everything else was... — read more 

According to this presentation: http://files.shareholder.com/downloads/QCOM/486555345x0x840493/B65DC0D3-FB49-49CB-9A18-A5ECDE4837D6/Strategic_Realignment_Plan_Presentation.pdf

I am guessing this will be the most highly attended earnings call in the history of the company.

We see managers have failed the team due to their inability to manage and lead the team. If engineers can see how bad their managers are at their job, why management cannot see that? Getting rid of folks who actually get work done is not going to... — read more 

ZPA Announces: We will use this thread to provide live coverage and commentary of the 7/23/15 earnings call (1:30 PM PDT). Please keep our discussion civil, polite and focused on the earnings, layoffs and any information released during the call... — read more 

Silicon Valley Managers: A great time to load up on staff. Set up an office here in SD, we got talent and a lifestyle. You keep trying to pack them into SFO because Silicon Valley is a social dead zone. Why pay "uber $" for spoiled engineers who have... — read more 

Highly likely to find another hon in SD as of now. Not many jobs around.

I was a 21 yr employee, I know what you are going thru. Keeping very high hopes and positive thoughts for all of you.

Any reduction in force numbers will be only FTE. The actual number of man hours departing will be significantly larger as contractors will also be dismissed above the FTE release. Just as the December actual count was larger than what was published.

SM will reveal all!

This is worse then removing a band aid!

SM will finally share the brilliant plan to resuscitate the Q by dumping all the "little people" (4000+) & splitting the company in two.

Oh wait....It didn't.....

Rent out empty offices, Put two people in one room regardless of title to free up more offices Rent cafeteria, meeting rooms for outsiders when not being used No matching of charity or donation Remove all clubs (Volleyball, chess, hiking club etc)... — read more 

Can we listen to the earnings call.

Most of the people who had bad performance 3.5 and under were affected. Or people who had personal issues with colleagues or managers. Or the people who contested the review process (like me), when I got a lower rating than someone else who does... — read more 

so come on and let me know ...should i stay or should i go??????? story of our current lives