Topics regarding layoffs at Qualcomm Inc.

Topics regarding layoffs at Qualcomm Inc.

Companies vs Individual mindset.

Layoffs are difficult experiences for those involved. On an individual level, anyone affected will start asking the question:" Why me?!" Each individual knows it's own efforts, extra hours they invested in a project, overall performance and... — read more 

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| 1550 views | | 8 replies (last April 21, 2018)
Post ID: @OP+SMJqXFG

This was exhausting week

I don't remember the last time I was this happy the weekend arrived. I think I'll sleep through the entire Saturday and Sunday. It's really sad that after a week at the job I used to enjoy now I feel like I've been through ten rounds with Ali. I... — read more 

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| 1740 views | | 2 replies (last April 21, 2018)
Post ID: @OP+SMIQL54

Blood river or just a leakage?

Was this the real blood river that folks have been predicting or is this just a small leak before the big one?

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| 1600 views | | 5 replies (last April 21, 2018)
Post ID: @OP+SMenlWa

Semiconductor Job fair

Saw this job fair for semiconductor industry https://www.eventbrite.com/e/caspa-2018-high-tech-job-fair-and-career-talk-tickets-43689431265?aff=yinfei

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| 1220 views | | 5 replies (last April 21, 2018)
Post ID: @OP+SMcDsJG

Posted Job openings are not necessarily real jobs

This little trick is being used by lots of companies lately in an attempt to offset the negative press they're getting for layoffs. Don't think for one second management is above advertising jobs that don't exist. People who apply are led along the... — read more 

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| 1010 views | | 4 replies (last April 21, 2018)
Post ID: @OP+SMZrMaU

Info on what happens after notice

Volunteer. Notice today. Last day of access May 4th (turn in computer, badge, door key). Still on the books but not coming into work. May 21 is the day after RSU vesting, last normal paycheck around that time. Termination date June 19th (60 Day... — read more 

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| 2700 views | | 8 replies (last April 21, 2018)
Post ID: @OP+SMyeAe2

Why are we still hiring?

Not talking other countries, right here, right now, as thousands of people are being shown the door more are being employed by Qualcomm. There are even dozens of job postings for San Diego!!! What's going on here? What is the point of laying off... — read more 

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| 1350 views | | 3 replies (last April 21, 2018)
Post ID: @OP+SMWKIso

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 

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| 1485 views | | 1 reply (April 20, 2018)
Post ID: @OP+SMEMTQb

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 

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 

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| 1354 views | | 3 replies (last April 22, 2018)
Post ID: @OP+SMg6Evt

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 

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| 2850 views | | 6 replies (last April 22, 2018)
Post ID: @OP+SMTpXbN

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 

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| 905 views | | 1 reply (April 20, 2018)
Post ID: @OP+SMesDTL

VP

Any VP impacted?

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| 3111 views | | 6 replies (last April 22, 2018)
Post ID: @OP+SMHb1jX

Outsourcing continues.

Seems Q Executives know only outsourcing and layoff. What innovation?! Oh you mean the way they give themselves secret bonus?

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| 470 views | | no replies yet
Post ID: @OP+SM2IHEr

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 

1500 total in Calif

http://www.businessinsider.com/qualcomm-layoffs-will-impact-1500-californians-san-diego-2018-4

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| 1630 views | | 6 replies (last April 20, 2018)
Post ID: @OP+SM0uz2N

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 

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| 780 views | | 2 replies (last April 20, 2018)
Post ID: @OP+SMlNT2F

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 


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| 880 views | | 1 reply (April 20, 2018)
Post ID: @OP+SMaDNRq

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 

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| 1370 views | | 1 reply (April 20, 2018)
Post ID: @OP+SM86ZJS

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.

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| 492 views | | no replies yet
Post ID: @OP+SMFTN4D

Is it over!

Is it over for this quarter? Some teams haven't received the final email yet 😐

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| 800 views | | 1 reply (April 20, 2018)
Post ID: @OP+SMn1HhY

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