Email today confirmed that building M will have mass layoffs in the coming weeks. Another to follow in FY19. Pack your bags now and clear out your sh--.
10 replies (most recent on top)
So Q suffers when all the experienced and talented engineers are gone
Yes and then you quit once a better one comes along. Hello!
You can’t make salaried people work for temp agencies without benefits.
Factually incorrect. You can do precisely that. Lay them off then offer a temp agency contract. Not pleasant, but you sure can do it.
Jabil is coming Yeah!!
You can’t make salaried people work for temp agencies without benefits.
These professionals may stay but very short term until they find a better place.
QCOM should fire all of the engineers and stick to what they are good at, flipping real estate.
Why in the world M building? That's a whole lot of good enginners doing meaningful work.
That's where I expected the least to happen. I guess I was wrong.
Will W follow ? Thats a huge amount of expensive real estate. Could turn it into dorm rooms for the floods of H1Bs
What benefits can they cut next ?
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add employee premiums on the healthplan; every $1 a direct 1 for 1 'saving'
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401k matches need trimming, another $1 for $1 saving !
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ESPP discount, strip it !! They love the stock they'll just buy it anyway
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3rd party contracts are GREAT. We can keep lowering the $ rate until they quit ! Yeah. Self lay off !
Most likely they will do what they've been doing the last 3-4 years. Convert all the full-time employees to contractors, per a 3rd party contract company, and let them have their job (if they want them). They've been doing this with a lot of their orgs - IT, clerks, admins, facilities, QREF, etc. Saves a whole lot of $$$ doing it. And they know good ol' Union Tribune doesn't have worthwhile journalists to track the story. They don't even have to use the WARN act and pay out their a$$es.