Do shareholders really care?
Has the pendulum swung too far on the other side after recent lawsuit?
Layoff and promotion decisions no longer seem to be based on merit or who is really deserving .
7 replies (most recent on top)
Oops. I mean black woman who died. Not black womanizer. Autocorrect keeps hijacking my posts.
It’s interesting for a company so vocal about diversity I could probably count on one hand the number of black people I have seen working at Qualcomm over the last five years. And if the five only one was a black womanizer who incidentally died of the flu this year.
What’s up with that? Where’s all the black folks at Qualcomm?
OP : Do shareholders really care?
They care about precisely one thing. Their $$$.
They dont care if the corporate is engaged in blatant immoral or illegal activities; just as long as they dont get caught and fined $$$. Fines are painful because it reduces their $$$. But if the illegal actions gained them more $$$earnings than the fines cost, so what. Carry on cheating and lying.
There is one other thing they care about. More $$$.
Look Q is using cash for NXP and then for buybacks. Its cashflow into 2019 and beyond will be way different. Licensing flows closing down, cash balance greatly reduced. So its needs to make huge savings. Layoffs and shutting down BUs is clearly the way forward to make those institutions happy. More corporate lies and BS coming up next week............
So OP didn‘t get promoted and now thinks it was because of diversity as opposed to OP‘s incompetence. Funny!
@ook is correct. Until deal with N closes, uncertainty is high, and short-term savings are quite possible (look at the stocks of N, it is oscillating as high as 20%). Q EPS target for 2019 is about 7$, which they will achieve by running buybacks of 20-30B$ (announced in the last earnings call). Q has a cash of ~40B$. The cash will go down dramatically. For a sustainable cash flow they must save until 2019 more money, by selling off assets, business units or layoffs. Fastest way to save money is to axe employees. Not only at Q - this is true everywhere in the world.
In this turbulence employee performance doesn't play a role. Just keep on working :-) Anybody can be fired at any time from now on
Doesn’t matter. I received 7 a promotion and big bonus last merit cycle and still got laid off. This is all about money. If your job can be done in India it will be moved there. Even premium tier products like Hana+ are going to Bengalaru