Some employees were notified today. Did all teams already intimated the affected employees or is it going to be spread throughout the week?
Hate this kind of instability in life.
6 replies (most recent on top)
@1jxa bitter x
Do you know for sure that there will be more layoffs on the 12th and 13th?
@1vno recent poor performance of your broadcom investment is leading to your bias.
@1jxa: Honest answer from me as a share holder is that Q should be broken into QCT and QTL. QTL could be the "Qualcomm" entity holding the IP and continues funding CRD. AVGO will make QCT deliver peak performance. Fruit company will benefit from bundling AVGO products and modem. Hopefully, that way, I will add to my AVGO portfolio which can show growth.
Yes it is wishful thinking. That being said, Q is too late to the game to grow the "adjacent businesses". Auto is a low margin low volume business with significant overhead. Keeping in mind how woefully pitiful the software quality of modem in general is, I am afraid that it is a huge risk. No one cares if your smartphone undergoes a "silent reset" (aka crash aka assert), but if it happens in auto, Q could go the way of Takata.
Data server, AI, Copilot PC's, IoT, etc is all fluff...low margin businesses. The likes of China Lenovo eke out some profit as their overhead is low, but Q, by the history, even if it gets made in China and India, will undergo a loss as the management adds to the bloat.
“The real question is, where will Qualcomm be several years from now?”
The answer is obvious - INDIA!
The steady stream of smaller layoffs (this year, last year, the year before that) strikes me as a plan that CA made much earlier, in anticipation of losing market share. It wouldn't surprise me if there are more layoffs to come. The real question is, where will Qualcomm be several years from now?