Thread regarding Qualcomm Inc. layoffs

2008 N cost reduction was 550M$ - 4500.

2015 Q cost reduction was 1.1B$ - 1500.

I agree that human factor is not only component. Copy-paste from https://www.cnbc.com/2015/07/22/qualcomm-q3-earnings-2015.html:

"The cost initiatives will come from layoffs, streamlining and reducing the number of offices, the company said.

Qualcomm will also reduce its annual share-based compensation grants by about $300 million. The costs are expected to be completed by the end of fiscal 2016."

I couldn't find other article where Q saved this with divesting / selling business. If this is the case Q employees are simply too expensive.

Today is different than 2015. 1500 today is simply not enough for hedge funds.

Now Q lost ZTE thus 500M$ business. If more sanctions come because of trade war, Q loses more customers. Apple forecast for smartphone sales is bad.

All these parameters give me that 1500 won't be enough. 2019 more layoffs to come.

@hla this is correct. 2015 had a 1.4 bil reduction and 1.4k people were let go from SD. THey didnt lay off anywhere close to 7000

Q is not cutting the 1B expense only through the workforce reduction. Don‘t waste your time on the calculation.

Employees cost more than just their base salary. $200 K might be low.

N had also fired people 10 years ago. To achieve 550M$, 4500 employees were asked to leave. 550M$ / 4500 gives about 120,000 in 2008 ( https://www.design-reuse.com/news/19066/nxp.html ). In 2018 it is about 140,000 ( http://www.usinflationcalculator.com ).

Q announced in January that they target annual saving of 1B$. 1B$ / 140,000 gives ca 7000. In this round 1500 were announced.

In other words it's just the beginning as @ksb said

This is only the first wave my friend. Theyll fudge the numbers

If there are actually 5000 people making 200k here, I’ll eat my mold-encrusted shorts.