how come the top executives thought world will always use qcom chips forever - so happy days will last forever - so let's not worry about the company, future, etc. - let's just concentrate on pocketing as much money as we can? Couple of months backs our executives (SM, CFO, Murthy, Christiano, etc) were awarded RSUs worth millions of dollars vesting over 5 year - just for to take qcom to the current miserable situation... seems like they were getting so much bonus, RSUs that they were obsessed with just money and did not think about qcom's future; now suddenly they all woke up in dark thinking how can we still survive - and one idea came up in their minds - why don't we lay-off couple of thousand people -it looks like something we can do it - yes we can, yes we can, yes we can.. RIDICULOS - SHAME ON THEM - SHAME ON THEIR FAILURES
Also,
as layoff seems inevitable, I hope the middle management positions get eliminated most - I know a VP collecting paycheck for watching youtube and espn most of the time, rest of the time hoping people visit his office to satisfy his ego
I hope qcom doesn't lose real talent to retain such VPs, it's really frustrating to see a great company's sun setting due to such people.