30% employees to go multimedia, QCT, GPS, modem all are being outsourced to India and will be closed in San Diego.
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Topics regarding layoffs at Qualcomm Inc.
As a stock holder in Qualcomm I demand investigations into groups with people not showing up to work on regular basis. In my group about one third of the people do not show up on any given day. I can provide specific information if anyone is actually... read more
After 15 long years at Qualcomm, I finaly get laid last year. It was the best thing that ever happen to me. I am much happyer now. I moved on and I recomend it! #WhyWaitGetLaid
Got a green signal from recent QCT all hands saying there are no layoffs planned for this year so far. Seriously, how much should we trust on that ? Provided some groups are still hiring. Do we expect to see drastic cutoffs after FTC trial goes... read more
Does this sound familiar to Qualcomm shareholders: Kraft-Heinz stock collapses - down 28% - as its short-term focus & aggressive cost-cutting are destroying its business. Stock down 62% in 2 yrs since its failed hostile takeover of Unilever in Feb... read more
On Glassdoor, only 49% of employees approve of the CEO. And those 49% positive ratings are likely leftovers from Paul’s era. When will the board wake up that SM is killing this company? When the employees walk, you lose everything.
This looks to me more like a demonstration of force aimed towards the competition that something that needed to be don at the moment. I mean come on, the first one wasn't even commercially deployed and how things stand a commercial application of 5G... read more
Seems that chances of this ending this anywhere else but in court are getting slimmer and slimmer by as every day goes by. Looks to me like the FTC think they have a good case and that’s why they’re not backing down. Should we be worried?... read more
May you find something better. Class of April, get your resumes and LinkedIns ready to roll.
They have plenty of money, they just don’t want to give any to the employees. SIX corporate jets, a TOP TEN highest paid CEO, and terminating any employee who makes over a certain threshold. Irwin must be ashamed. And they will wonder why it is so... read more
According to Q Managers, they are unable to progress because of difficult employee. Now after 5 years since they laid off difficult employee, still they have issue. Now they have nothing to blame on or are they still trying to formulate some story to... read more
Yep. The Execs are stealing shareholder funds. One jet each, look at the disclosures, SM enjoyed his $20mm compensation for his efforts AND AND had $170,000 of private jet use for his family. Yep. Wife and kids fly on the corporate jets because its... read more
I got laid of in August 2018. I gave the team my email and phone numbers in case they had any questions, no one has contacted me in 6 months. I guess I was obsolete after all 😟
Q is increasingly a target for an aggressive take over. What was $82 stock now trading near 5 yr lows; weakened by on-going litigation and financials in ever increasing state of disarray. 20% down y-y ? Suppose a marauder comes along with a $65 bid... read more
There was some noise around progress of buyback worth xx amount at $61 per share average , do we know how much still buyback is pending ? Looks like the stock is holding at 50ish. Once BB completed, I wish good luck !!!
https://www.morningstar.com/news/DowJones/BWIPREM_20190215005529/qualcomm-investigation-initiated-by-former-louisiana-attorney-general-kahn-swick-foti-llc-investigates-the-officers-and-directors-of-qualcomm-incorporated-qcom.html How much litigation... read more
The problem is that Qualcomm management (minus mindless spending of licensing fees) doesn't really know what to do to pull out of the nose dive. They seem to be paralyzed. I guess hearing that they can't even come up with enough money for a 25 year... read more
Good times long gone. My director has spent the last 3 months engineering to push out a long timer. She was average, but ok performer. Pushing her out was just plain nasty and pointless.
I really want to leave Qualcomm - but I don't want to leave without severance. I feel like I'd be throwing away money. So I feel like I'm stuck in a prison of my own making. Anybody else feels like this? Anybody actually decided to leave despite high... read more
Nearly 11am and time for folks (Esp SW) to start arriving at the office, ready to get coffee and read email before noon lunch.
Top flight legal team burning through the $$$ https://9to5mac.com/2019/02/12/qualcomm-antitrust-2/ Time and $$$ foolishly spent.
Google is poaching Qualcomm and Intel engineers for its new chip design team https://www.theverge.com/2019/2/11/18220436/google-pixel-ai-chips-team-division-bengaluru-india-hiring
If people havent realized yet, this is the end game that qcom management is playing. End is very near guys. In a very short time (couple of years maybe) qcom will file for bankruptcy and protection.
Search YouTube for the video in the code below and watch it to the end v=MKuMFe0iCLw Sounds familiar?
Leaders are a leader for certain reason. They need to be humble and accommodating. In my group they harass everyone except my senior director . It’s my way or get out of the team says the principal. We will ensure you are screwed by the VP. U better... read more
Your problematic employee ( Pdm Mgmt Director) is out. Person was very very arrogant, according to some. Now QCOM must have been thriving. What happened? Pdm Director can change company standards and once again bring it to forefront of all players by... read more
This litigation is getting out of hand and no matter of the outcome of all the processes this much lawsuit gives a good picture that a majority of the market is unhappy with the way Q does business. Maybe it’s time to reevaluate these practices on... read more
Read in a few places that the legal teams representing Qualcomm in the lawsuits ( Apple lawsuits and the FTC charges) are burning money like a drunk billionaire. I knew that this was gonna cost the company a lot of money, but did this get out of hand... read more
Divesting and retrenching to core mobile. Just as well we can rely on the old CDMA core monopoly with no competing modems............right ?
I believe after FTC judgement. If against us then easily 25-30% lay off.
Happy that leaving after 15 years of service. It is not worth working in drowning ship. Most of the good people are already left. Who are staying in qcom either they never get job outside because of their skills and knowledge. Based on the talents I... read more
Please only serious responses. Many posters here joke about not having real work to do. Is it true or what?
Need work visa reform from Trump. These layoffs occuring while they hire H1Bs.........wild and needs to stop.
Tim Cook is Thanos, he has gathered all of his Infinity Stones (kftc, FTC, tftc, ndrc, EU, etc.). Steve mollenkopf is the Master of the Mystic Arts, did he cast his spell in time?!?!? Will Paul Jacobs (AntMan) come back to save the day? Would the... read more
Stock buy backs are GREAT for moving $$$ into senior managements bank accounts : https://www.nytimes.com/2019/02/03/opinion/chuck-schumer-bernie-sanders.html Super sh-- for stockholders and employees !
Get rid of SM, his gangs and loser managers and everything will be fine.
How sad! Compared to this, Q's contractors are treated 30dB better. A is such a hypocritical company. https://www.bloomberg.com/news/features/2019-02-11/apple-black-site-gives-contractors-few-perks-little-security
Two of our highest profile bets from 6 years ago are history, sold off for sc-ap instead of bringing them to market. 2Net was all about eHealth, and Halo has the only avenue that got the QC name publicly visible in Formula E. Good to know we're... read more