Cost savings only apply to peasants slogging in the labs. Does not apply to the bourgeoisie class of dirs and above. After all they worked their tongue off a$$-licking their VPs so this is the least the company can do for them.
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The Company is going down the tubes, the stock is in the toilet and Qualcomm is potentially facing billions of dollars in fines for anti-competitive behavior in several countries but they find the money for a Holiday Party! Jana Partners and other Qualcomm investors will be pissed off!!