After looking for another job it's reassuring to learn that there are a number of companies now providing hybrid job opportunities. This means that I won't be required to work in the office for the full five days per week.
What’s the number of layoffs?
2550 + next round coming
SVP of marketing is a Turing award winner
What is wrong with this company? We have Donny Mac from Chico State giving lectures to the press about AI. He was not talking marketing, he was not talking sales, he was talking engineering and technology. I was completely d-mbfounded when I saw... — read more
Time for a career pivot
Many companies are currently hiring and experiencing financial stability, it's important to note that in this particular case, the sales of the company may be down due to a lack of innovation and differentiation in their product or service offerings. — read more
Nvidia, MediaTek to collaborate on power advanced vehicle infotainment systems
Q getting competition in the automotive business, guess all jobs need to be transferred to India to survive. https://www.google.com/amp/s/www.foxbusiness.com/technology/nvidia-mediatek-collaborate-power-advanced-vehicle-infotainment-systems.amp
Don’t be lame, issue WARN
Meta has issued even for 50 employees layoff in NYC
May was worst for qcom, EBIDTA down 39.7%
Revenue is sinking faster in month over month basis. Expect huge decline of 39% in EBIDTA (earnings before interest, taxes, depreciation, and amortization) and cash flow for rest of the year. Worst is yet to come!
AI to the rescue?
How will Qualcomm make money from AI? No plan . No vision. Nothing. Just slides. What a mess
Looking for another job
The company has been facing challenges because of a decline in smartphone sales.
Next lay offs in last week of July and second week of November
List was already prepared last month for July but not for November
Next round of cuts, July or September?
Pl. share what you hear about the next round of cuts? When and what BU?
Bring Marisol back for heavens sake. So that guy and his homage to the urns feels fulfilled. Or, maybe reality is just too much for him. And we leave it be. You all know that neighbor. It is what it is.
They will never admit to their mistakes
If this leadership would admit to their their mistakes so they can try to correct them, I would be more optimistic about Q. However, it is clear that they will never take responsibility for mistakes because of which this company is now stuck... — read more
Some of you seem to have all the answers, Why aren’t you running your own business?
Stands to reason right?
SO NOW YOU KNOW FROM THE AHM, WHAT WE ALL SUSPECTED
THE EMPEROR HAS NO CLOTHES.......... PERIOD (feel free to use this and spread among the troops)
Company wide AHM BS
no talk about layoff no talk about relationship with Apple and rumors to extend the modem deal no talk about share price at 52 week low kept pumping BS AI which will be like everything else Qcom tried and failed no mention of hefty... — read more
Looks like NXPI can buy Qualcomm.
This is the best and only available strategy now.
Thoughts on todays AHM ? We are fu----g lost and clueless on how to dig out of the mess we are in
They just drink kool aid of new buzz words and reposition Quaclomm as a benefactore. CA jumped Meta bandwagon when MZ went all in on Metaverse. He’s been selling the whole edge/on Device AI BS for years now and market clearly gives no fu--s. Abt time... — read more
$QCOM about to hit 10 year Low. How long are we going to FOOL ourselves?
Unless you do this immediately Fire 50% of the work force , include VP and Sr.Dir levels. You can still deliver what customer wants, if there are any customers left. Buy back $50B Beg AAPL and give them what they want at the price they want... — read more
For today’s company AH meeting. Can someone remind that one employee in ONEit to not stand up to speak on women not needing a title. On behalf of Qualcomm women- Please don't speak on behalf of women and suggest that we don't need job titles in a... — read more
Freshers and new joinees incompetent
Recent newly hired are incompetent. Don't take tasks seriously. Even in macroeconomic conditions, they take things for granted. Q overhired in other regions except US. Q is laying off engineers in US given few quarters back, we were unable to hire... — read more
Q always focused on modem but never focused on other tech
Data centre once we had product but whole project was cancelled after successful products. Its wastage of engineers time and lower morale. See what Nvidia has delivered in today's earning results,its because of AI. Q Failure of management but... — read more
Need to be acquired to be saved
Qcom needs to be acquired by some good company with strong management, otherwise, this company is done. I suggest Hock Tan to try again. Since he has good relationship with Apple, we can continue to supply the modem to Apple for a while … Meanwhile... — read more
See What Nvidia is Doing. Q Could Never Reinvent Itself
Great companies like Apple & Nvidia reinvent themselves. Qualcomm does not have the leadership to do this. CA & JT should leave for the benefit of the company.
Qcom needs to rethink its management system
The dual track management system is so wasteful. The managers don't manage, but the tech leads "manage" the day to day activities. Was this system adopted from the former Soviet system?
Great reversal, everything is attributed to the core principles. Put-up 100K patents on walls , looking for easy money hit it hard. No customer of QCOM likes it's practices. Given a chance, everyone wants to sue.
How many think there is a lot of fat at senior staff and above that needs trim?
VP and senior directors decide and there are tons of managers and principals sitting around doing nothing. Like and Post if you feel the same about your team
Isn't natural attrition enough?
There are lots of rumors about the next round of layoffs, but I wonder how much sense it all makes given that natural attrition will be increasing. More of my colleagues have left recently than in any other period I've been working here.
META files WARN ACT
Omg … META didn’t have enough money to payoffs the media or the state of California and was forced to file WARN Act today! But yet Qualcomm still has not filed WARn act for the massive layoffs that happens on the 17th! Too many Qualcomm workers... — read more
Call for strike
Stock is 52 weeks low, employees fired, executives and directors get millions in reward and keep quiet. Time for employees to strike. If we don’t provide support to customers across teams for a single day, executives will submit to our demands. — read more
As long Ted qcom investor, I’m forecasting slackers will be laid off by July
When is Q3 layoffs? July or September?
Layoffs are going to happen every quarter but not all groups will be affected every round. Pl. post what you hear. When’s the next round and which group? Not sure why we are seeing this slow motion train wreck. Desperate measure to increase... — read more
Just Remember, The Strategy is Flawed
Qualcomm losing market share in phone as Apple gains. Expect an abrupt drop in revenue as Maverick get their own modem. And it will be YEARS before autonomous driving and Q gets any substantial rev from automotive. Nuvia is doomed, competing against... — read more
Ask tough questions in the upcoming meeting
This is our only opportunity to interact directly with the executive team. No lobbing softballs at them. We need curveballs and 100 mph fast ba--s.
The Outlook For Qualcomm Is Grim
Basically this company is a one trick pony. With Apple share increasing and the Smartphone market saturating, Qualcomm is doomed to bleed out. Don't buy into the CA & JT BS about automotive and Nuvia. Once the market recovers or you have an... — read more
Apple announces multibillion-dollar deal with Broadcom
What does it mean? https://www.cnbc.com/2023/05/23/apple-announces-multibillion-dollar-deal-with-broadcom-for-us-made-chips.html
How much RSU senior engineer
How much RSU senior engineers get? Let’s compare our grants. Mine 40k per year.
Second round of layoffs on July 19
Heard that list was almost ready two weeks ago, but delayed. Some changes to current list possible + or - 0.1%
Since 2020 when pandemic started, my team is getting cuts every year
Why Q is not transparent enough? CA says 5% reduction this year but my team had reductions since 2020. Executives are getting paid handsomely. JT sold millions worth shares few days back. When management fails to execute vision, when there is... — read more