I was affected in 2015 layoffs and acutely aware how people feel going through this turbulent time. I wanted to volunteer 10 tips that you should keep in mind if/when you get notified. These tips are based on personal experience and should make the... — read more
No more free lunches and dinners @Bldg K
Thank you friends at Q, it was nice working with you, and specially the freebies at Q. It was so easy to get sponsored lunches and dinners at Bldg K, attend conferences, WMC and so many events. These were the best days of our lives. Although I'm... — read more
Is this enough to save $1B?
What other cuts is Qualcomm implementing to save $1 billion? Unless these 1500 people all had pay of nearly $700K a year (yeah, right), there is plenty more left to do to achieve the full billion. Will there be more layoffs or are we looking at... — read more
Product management impacted ?
These guys haven't done any thing great forever. Haven't seen any innovative product in the road map from qualcomm but seem to be in a catch up game for ever with others in the industry who were babies yesterday.They are very much responsible for the... — read more
Any layoffs in Markham?
Any news on how many were laid off at the Markham site and what groups?
Big Heads in SD+NJ Program management are impacted
SD program management is sweeped and 50% are impacted. Can someone confirm the authenticity of this news
Good news QCOM only down 1% today
Apple and Intel down multiple percent. Whose laughing now Tech industry.
Move corporate jets to Virgin America
OneWeb team lives on!
What happened to HALO team?
project had such promise 5 years ago
2018 Executive Bonuses
Reminder to all executives, SVP and above: Every dime that you get for bonuses in 2018 is paid for with the money you saved from this layoff. Enjoy. While I understand that some bonuses are essential for retention, rewarding good performance, etc... — read more
Anybody outside of California in US got laid off?
Just wondering if there were any layoffs outside of California since all of the reports I am reading only mention California (this is for the U.S. I'm not sure about the rest of the world?) Has really nobody been affected in all the other locations... — read more
What was the point?
Qualcomm Shares Tank Amid Layoffs Qualcomm shares were down on Thursday after the semiconductor company began layoffs and is in the middle of a trade dispute between the U.S. and China over a planned acquisition. Shares of the mobile chip... — read more
if stocks continue to slide like this, QC would have to purge much more than 1B
And then there's the matter of APPLE and XAOMI getting into the chip market, QC is sinking ship folks!
VP
Any VP impacted?
Outsourcing continues.
Seems Q Executives know only outsourcing and layoff. What innovation?! Oh you mean the way they give themselves secret bonus?
How many private jets were laid off ?
5 Gulfstream G550's @ $65M each Fixed costs $65M * 5 = $325M Fuel costs @ $8/gallon Fuel consumption @ 400 gallons/hr Total fuel cost = $26.5M (5 jets running 8 hrs for all working days in a fiscal yr) Corporate aviation staff (5/jet @ $150K each) =... — read more
Who's the moron?
Execs make millions and live like kings, while peons make thousands and worry about being laid off continually. Execs serve the shareholders, who care nothing for peon employees and they also live well due to profits. Execs aren't morons, they're... — read more
Latest news on Bldg. M?
Any latest news on Building M?
1500 total in Calif
http://www.businessinsider.com/qualcomm-layoffs-will-impact-1500-californians-san-diego-2018-4
People at the top are morons
The people at the top are complete morons, they make bribes yet the employees are forced to watch ethics training videos. The have done nothing and the stock price reflects that, seems the only thing they are good at is RIF's and giving themselves... — read more
CFO (In)Competence?
How is Qualcomm the only company I've heard of that actually is LOSING OUT on the new corporate tax credits recently put into place, according to the CFO? Maybe the accounting department isn't so great at their jobs. Of course, it's probably... — read more
What about Friday?
What are we looking at for tomorrow? Has everybody who was on the list for layoffs been notified by now? Or will there be more tomorrow (well more like today, considering that I am up past midnight worrying about this - thanks Qualcomm for another... — read more
Another round of lay off around the corner
Another 1200 in two installments last week of July and November is being planned to fine tune the reorganization.
CEO and CFO are experts!
At value destruction. Stock price below Sept 1 2015 price of $53.73 when same team said layoffs we're needed to dive value. Unfortunate. Prior CFO and CEO provided much better leadership.
Why great companies hire assh**#s ?
Why great companies are going down. Is it because of greed? You guys seem to deserve it.
Perhaps Qualcomm could have saved $1B elsewhere if they weren't so greedy
Let's see here: 2018 Try to save $1B by laying off thousands of employees 2018, $1.2B fine by European regulators for anti-competitive practice 2017, $774M fine by Taiwan for anti-trust violations 2016, $865 fine by South Korea for violating... — read more
Is it over!
Is it over for this quarter? Some teams haven't received the final email yet 😐
25% of my team gone :(
2 citizens and 2 non citizens. All engineers with 10+ years of experience but were kinda taking it easy.
Can they save 1B?
Can they save 1B by laying off 1500 or more layoffs coming in next few months?
Qualcomm collateral damage in trade war with China
And of course the top Execs know what's coming between the two nations, as they're privy to intel that peons cannot even fathom, which is the real reason for layoffs. https://www.nytimes.com/2018/04/18/us/politics/qualcomm-us-china-trade-war.html
what if China doesn't approve NXP deal ?
It's 2B$ termination fees if the deal doesn't go through. Who's gonna pay for it? Mexico ?
FB is hiring
https://finance.yahoo.com/news/facebook-forming-team-design-own-194924909.html
what's the plan B for NXP acquisition?
Shouldn't Qualcomm now eye on some smaller auto semiconductor or startup company that does not need approval of antitrust regulatory?