China MOFCOM will approve Q N on next week Prepare your CV folks

Posted by by Nemo on another thread: "The top notch team wrecked in Raleigh would take decades to put together again. The costs to the company losing those people isn’t on a balance sheet but pales in comparison to the 1 billion it was supposed to... — read more 

Heard from a friend in standards team. Most 5g standards were designed by big infra venders. Lots of Qualcomm’s proposals were blocked by alliance of other companies. We end up with little essential patents. He doesn’t think we can collect royalties... — read more 

March 4th is the date for moving Mid tier and Modem to Singapore & India. Enjoy!!

Seems like there is nothing going on at W, is very scary for all of us. Does anyone has any real information about the future at W? Please serious responses.

Yesterday Mike C. confirmed the move of the whole PMIC team to India. Massive hiring is in progress at India’s office. PTE, VI, Systems moving. All people in SD under risk of layoffs, move will be completed by January of 2019. Good luck!

What do you think, folks?

Was a post about bonus being fully funded deleted? How chicken sh-- scared is qcom?! Or, they are lying and bonus is not fully funded

It seems INTC will either take CA or Q will promote him to CEO...they probably won't consider SM at INTC. Thoughts? Sarcasm and stupidity welcome...

There’s is nothing going on at the production test floor at W, besides letting go all temps on September 3rd all ATE machines will be transferred to SG (TCOE). Good luck to all of you.

Did you guys receive retention bonus? If you did, please share the amount and which group you belong to. No BS answer please.

BCG audit will recommend how many employees to be laid over time.

It seems that management will sell the company to private Inc., after laying off 50% employees, by first quarter of 2019. There is no alternate way.

Any idea when it is going to be. What I heard is management is planning to shrink the company by 35-40%. Lay off this year and throughout 2019.

I thought we had great earnings this quarter? Why does CA make it sound like we need to wait for even more good quarters before we get compensated?? Idk about the rest of you, but if bonus/RSU is no good this next cycle, I'm out

30B money planned to buy back stock is due to engineers‘ wisdom and hard working. not due to CEO's vision or perfect management. When qualcomm has no cash, engineers will be target again to get rid of to save quality life of management teams. You are... — read more 

...what happens if the situation between us and China improves? Does that mean that we can try to acquire NXP again? Or is that now completely and forever off the table due to the buyback of shares?

Third week of November. Print my words. Huge lay off ahead!

Yeah, because of failed NXP deal. http://www.sandiegouniontribune.com/business/technology/sd-fi-qcom-sharebuyback-20180731-story.html

See how many corporate jet Qualcomm has. https://www.planelogger.com/Airline/Fleet/Qualcomm_Inc/136463 Engineer is the least important

"The once-illegal practice of companies purchasing their own shares is pulling money away from employee compensation, research and development, and other corporate priorities"... — read more 

I know of at least two people in my department who quit in the past ten days. This makes no sense to me. Why would somebody quit on their own right ahead of what we know will be a major layoff round? Chances are they would have been on the list. So... — read more 

I think the worst is over and the next 2-3 years looks bright with minimal layoffs. Who else is with me?

I was reading through "Helpful transition reminders" that I had printed out, and it says Final paycheck will include wages owed, vacation pay, sick pay, ESPP refund. Can anyone from the earlier final termination dates confirm if sick pay (80 hours... — read more 

Headline: "MediaTek Is Fighting Back Against Qualcomm To Speed Up Cheap Smartphones In China" MTK going to crash margins, the licensing business is collapsing, no diversification, & poor management. Bad times ahead.

Let the week of layoff speculation begin. We all know that it's coming and that it's going to be big. Now all we need to do is figure out how big exactly and when will it start. I really miss the days when guessing when the next round of layoffs was... — read more 

Investor and eXCOMmer. During my stint here, I noticed that very few new hires join this company. Three only ones who join Qualcomm are entry level kids with no competing offers. Of course there's no way to keep up with the level of turnover they're... — read more 

Does the state reject unemployment benefit for voluntary layoffs? Does QC indicate to the state who were involuntary and voluntary employees?

https://nationalinterest.org/feature/china-nukes-qualcomm%E2%80%94nxp-deal-escalates-%E2%80%98trade-war%E2%80%99-26841

If there is bonus this year, then I am assuming there will be no more layoffs. I wish someone asked directly but SM avoided too many questions. Some indications that RIF was done but the 1b$ savings in previous cuts is negated by the 2b$ gift to NXP... — read more 

Can anyone share some info what those guys are doing? I heard there are full of useless old timers and doing nothing

In the show today, the managers sang and danced hard. But it show felt tired, repetitive. QCOM needed NXP to have a renewed purpose and to set a new course. Yeah also f--k you, china.

AHM, Earup, WTH?

1) Qualcomm moves holding company to Singapore to avoid onshore taxes 2) Profit grows pile of cash to >$30B 3) JANA wants to see that cash leveraged for a quick profit and break up Qualcomm 4) Qualcomm execs decide holding so much cash puts them at... — read more 

One investor asked in the earnings call running right now, in which status Q is about 1B$ in terms of opex. SM said they are not over, and they intend to work on it in the next quarter. Reading between the lines, more layoffs should be coming. So far... — read more 

It seems something haapen soon in the near future.... God bless us.

Before the whole drama restarts again, we get ONE weekend to truly relax and enjoy ourselves. Use it up, people. We'll all need it with what's ahead of us. There'll be a lot of money to make up for and we all know what's the easiest way to do it. But... — read more 

https://www.reuters.com/article/us-nxp-semicondtrs-m-a-qualcomm/after-qualcomm-nxp-deal-scrapped-china-says-still-open-to-talks-idUSKBN1KH01E

can someone explain?