SM should create a xls of current CTC, sort high to low, save his and his staff's ass and select from top till he sees $300m in the right corner, List is ready, everybody will be happy,
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QC can eliminate the whole QIS team, including Vuforia and take care of half of their OpEx target in one day. Then stop pouring money into PJ's pet project with Greg Wyler's nutty satellite venture, with no real benefit to QTL or QCT. Add the removal of playing in the drone ecosystem. Lastly, dump 50% of the SG&A (marketing and finance in particular). Snapdragon branding is a waste of time. Plan complete.
Qualcomm could easily do well with 50% less VPs, 30% less Directors, 50% less Product managers, 50% less Principal engineers and 100% less Project managers. That's more than 20% savings.
Start with Murthy! "We are a large ocean liner and what we are experiencing right now is just chop on the water." "Nothing to be concerned about". "CapEx reductions only get you so far and we know thats not the way to grow the business" (Paraphrased that last one, but those were basically his words at his last all hands)
SM should make a list of all the Director level and above as well as H1Bs working in QCOM and let them all go. This will be a good beginning.
SM should ask 50 VPs at a time to go on a leave for 3 weeks and see how the business suffers. In their absence, if it is business as-usual or better, let them go ;)