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?
Is the house price going to crash at San Diego?
Any advise?
No layoffs today?
I haven't heard of any?
Q got it wrong this time.
Everything about the RIF is to make statement. The real RIF will be in a few months when this backfires.
Qualcomm Posted a lot of H1B jobs Recently
I don't work for Qualcomm, but there were a lot of H1B Certifications over the last 10 days. wow.
Everything happens for the best. Dont lose hope
I just wanted to share this with all those who have been laid off as I was once in the same boat two years back and it could not have been better. 1) Going through "why me" phase: Do not curse yourself, or doubt your talents. This helps no one. There... — read more
This is not even working!
Layoff won't boost stocks, it's not 1990 anymore. If anything, if the layoff looks too small to meet the $1Billion cost reduction figure already baked in, stocks may drop more. And this is exactly what's happening! Instead of seeing a boost in stock... — read more
Keep Your Home California/Mortgage Assitance Program
This program paid my mortgage for 8 months after a layoff...
Checkout Achronix pages..
I am not a Qualcomm employee but I have been laid off in the past from other places and know the ups and downs of what employees in the RIF position go through. I've experienced RIFs more than once but had the drive to move on. Trust me, sometimes... — read more
Technically speaking, as of today
Stock holders lost ~$30 / share w.r.t AVGO deal. Good or bad ? Specially who are getting axed. For those who dodged the axe, good job !
Layoff in India
Any news about the layoff in India
NYT Qualcomm May Be Collateral Damage in a U.S.-China Trade War
"The administration’s focus on Qualcomm’s technology may be partially of the company’s own making. Earlier this year, the company asked the Committee on Foreign Investment in the United States, which evaluates foreign acquisitions for national... — read more
Any news for San Diego?
Yesterday, it was published that CA will cut 1500 jobs. I did not hear anyone that I know getting notifications or a 60 days prior warning yet. Does anyone know more about this so far?
MST
The two useless VPs are safe one Sr director took Package... One director also took package they all ready have job in Intel, but they should have sacked half of the directors which they did not... One VP they should have sacked which they did not... — read more
https://twitter.com/TheLayoff/status/986632177990320129?
https://twitter.com/TheLayoff/status/986632177990320129?
compensation scheme
What's the compensation scheme for those who got laid off?
It is all about profit
Qualcomm Cuts Jobs to Boost Profit https://www.wsj.com/articles/qualcomm-cuts-jobs-to-boost-profit-1524115042
Qualcomm April layoff media coverage
Qualcomm is reportedly laying off as many as 1,000 employees as part of a $1 billion cost savings plan http://www.businessinsider.com/qualcomm-starting-layoffs-after-failed-broadcom-acquisition-2018-4 Layoffs Underway at Qualcomm... — read more
Hiring freeze
I am from India, was interviewed a week ago. I was told verbally by HR about the offer. He told me that he would get back to me with the offer letter in 10 days. I am just worried if there would there be any hiring freeze?
Any notifications today?
Heard only 1 so far from someone that was not in the office yesterday.
The number is 1,500 (just for California)
Looks like the list of those slated for layoffs comes out to more than 1,500 names only in California. We know for a fact that layoffs have been taking place in other locations as well, so who knows what the final number will turn out to be in the... — read more
Stock falling
Market clearly unimpressed. Heading down below $50. Cost savings too little too late.
What's going on today?
We were spared yesterday so I was afraid today we'd get hit hard, but so far nothing is happening and I don't know what to think anymore. I seriously doubt we'll come out of this unscratched. Is it still too early? What time do notifications go out... — read more
Looks like the entire Sydney office is gone.
This team earned an order of magnitude more than they cost. Looks like Q is cutting earnings more than expenses. Just like last time, as the numbers have shown.
Only engineers in this layoff at least in PTE.
We were promised there will be folks with higher titles in layoff. But they targeted engineers. Yesfolks with engineer title not even staff and Sr. Staff. Forget about directors and vps. Really big morons.
Layoff is the solution ?
Since after SM, it was 4th layoff but still it is not helping..Don't you think problem is somewhere else ??
Some of the best were laid off
This is ridiculous! One more time we lost some of our best employees. Does nobody really understand that higher pay means that those people got it because they are good? Because they have been with Qualcomm long enough to learn how stuff is done? To... — read more
What about the temps?
On my team, there are three temps. Normally, they're the first to go. I haven't heard if any are affected yet. What's normal for other teams?