S&M needs his cheer leading squad so his f*ckups are overlooked
4 replies (most recent on top)
176025: Most likely they will hire leased employees through outside agencies. If they hired H1-Bs directly, QCOM would still have to do the legal paperwork and provide them with benefits.
Many more thousands of H-1Bs are going to get hired to replaced laid off tech workers
Well said 175922.
Anyone can recall ONE good thing SM or MR brought to the table?
(and don't list sparing Microsoft from the doom SM would have caused)
OP: No, the real reason is even worse. Despite that $30 billion excess capital, QCOM decided to introduce "cost cutting methods" in three areas. (1) "redundant" employees; (2) Heath benefits; (3) employee salaries and other benefits. To date, they have accomplished this by: (1) reducing the level of paid benefits under the health insurance plans; (2) increasing administrative costs (and decreasing benefits) for 401(k) plans; (3) changing perfomance review grading scale so managers and directors had more discretion in downgrading certain employees--then having VPs cherry pick the "most expensive" employees (--usually older, long-term employees with better benefits packages--); replacing terminated employees with leased W-2 employees at roughly 2/3 the salary, so that if you take these jobs, you have to give up your COBRA rights. F*CK THEM ALL!!!