Thread regarding Qualcomm Inc. layoffs

The First Cut is not the Deepest

http://www.fool.com/investing/general/2015/09/19/qualcomm-starts-its-latest-round-of-cuts.aspx

As Qualcomm begins implementing its restructuring, there are still thousands of more cuts to go before the company is done "right-sizing" its cost structure. Total annual costs for fiscal 2015 are expected to be in the ballpark of $7.3 billion, and Qualcomm is planning to reduce that figure by a total of $1.4 billion (including $300 million in stock-based compensation expenses) by the end of fiscal 2016, which translates into a nearly 20% cut in total costs.

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Post ID: @OP+DHnF3MO

4 replies (most recent on top)

Just hearsay and rumor. Great times ahead for the Q

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Post ID: @1z8n+DHnF3MO

Cash for your home. (619) 565-7475

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Post ID: @1Ikr+DHnF3MO

Good thing everyone has RSU and rental properties. lmao

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Post ID: @1A0o+DHnF3MO

We have very painful future ahead of us. The Gravy Train has left.

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Post ID: @FhB+DHnF3MO

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