Thread regarding Qualcomm Inc. layoffs

7znp, again, you are stuck in a fantasy world. The company should only do the bare minimum to keep things going, in terms of compensation and benefits. Most people won't go and those that will are replaceable. Management has finally grown a pair and good for them. Its about time. Don't like it? Quit. There will be another monkey to take your place. They shipped the 820 under these conditions and they will continue to ship. I just want them to continue to optimize the overhead and increase profits so my ESPP goes up. They should cut all costs and monitor % attrition and just keep things on the edge. If more people quit, just hire more H1Bs or outsource to other countries, as long as profits keep growing. Thats all that matters at this point.

4nyw: please don't ever start a company or get in the business of employing people. You will. NOT survive and end up pissing people and make them miserable. You sound like a person with low integrity (if any at all). and one who would jump at any chance of taking advantage of folks! Get real.

Reducing comp of folks is not going to improve morale or motivate them in any way that will result in the company pushing out good quality products within the committed timeframe... And getting bad reputation on missing committed deadlines wirh good quality product.

Company will only loose money hiring new folks.. But who is going to train them... The low morale with low motivation folks that have checked out mentally.. And doing thw only the exact amount of worked that they are being "compensated" for? Have you ever read articles on how much companies spend and invest on training people... All to loose them and get new hires... Perpetual attrition... Not good for the company...

4nyw: good luck with that though process of keeping/retaininf good employees..who are the real guys doing the real work to keep the company going and kicking the stocks up...

Too bad Q employees in SD are stuck and some or most failed to feel the real rush and fun for working in an env where the employers gives a damn!

@GgBZKgW-3spx put on your big boy pants and get out of your fantasy world. Management's responsibility is to maximize shareholder value, not enrich the employees. If you don't like it, vote with your feet. Its obvious most people don't have the gumption to do that, so QC management should call your bluff and milk everyone there for as much as they can and reward the shareholders at this point (which I believe they are doing). This thinking that management is going to give up their hard earned stock and give that to employees == fantasy. Increase stock and bonuses to employees instead of increasing dividends or buybacks == fantasy. I don't quite get the naval gazing that goes on there with people like you, talking about if management did this or management should do that. Does it help? Does it change anything? How long have you been saying stuff like this - any change? "Let the beating continue until morale improves."

"its clear those remaining have limited motivation to get up and go, so reduce their compensation and benefits as much as you can and increase that EPS and dividend. "

With this mentality glad you left Q. One less idiot that has a demented way of thinking.

It is true folks are demotivated. But reducing their compensation is not going to result in raising the company's stock values..

It's time company's leaders started to show some proactive good faith towards their employees. (Ex: linked in n CEO giving his stock bonus away to employees when the stock took a dive, same like the twtr CEO). If they want to avoid more good talent from leaving or turning into low productive zombies, they need to approach them proactively and do the needful to motivate them.

The action to take is not the same for every employee. Some are demotivated due to the last review being very unfair, not just the financial rewards perspective, but just the lack of recognition of their contribution, low rating.. Managers have blindly given them a low rating, to protect themselves, target someone else with low rating for the rumored next layoff...

Others are unhappy due to this continued unstable environment... Constant change in management and no end to when things will stabilize... People working with one foot at the door, working with low to no accountability or ownership.. Hard to work wih these folks in your team. Sad thing is. these are/were top performers up until last year.

Honestly, only thing (if anything at all) that can turn this "converted" folks back to the high performing dedicated employees (assuming they were so before last year) is to have management approach them proactively and reward them financially... Money always talks... if that (increase in compensation, or provide some financial rewards..no idea what that would be..) does not change things for that employee, time for letting the person go... No point in draining resouce on lost causes. At least the manager did try to regain the employee....

"since the past year, being associated with qc became so degrading..." what world do you live in? I think you have taken things too personally. Look, I'm no fan of the modern QC and bailed several years ago as well, once I extrapolated forward to where I thought the company was headed. But you are taking things too far. Its obvious that the people who have stayed have voted with their careers what to do and they are going to stick it out. I don't know why, because I wouldn't, but everyone has their own set of circumstances. OTOH, as a shareholder, I would stick it to the employees as much as I can - its clear those remaining have limited motivation to get up and go, so reduce their compensation and benefits as much as you can and increase that EPS and dividend. Go QC management!

I was never a manager/status collector at Qualcomm. Too much politics. I liked doing software much better. For the first few years, I did R&D and it allowed me to be very creative. Then I got shoved into part of QTC. I can't say I was ever embarrassed to admit I worked at Qualcomm. My track record in my field is fairly well known in some areas of the industry--although there isn't that much of it going on in San Diego. In retrospect, I wonder why I didn't leave sooner. New job is much more challenging, pay is much better, benefits are better. Boss is more concerned about doing things right the first time than how many hours I worked every damn week. I am happier. I actually don't mind working 70 hours per week. Yeah, the new job may seem a bit like the old job after awhile, but I also kept the names of the better recruiters I met along the way on file. I will update my resume with them periodically.

Do you really call people "Fellas" ? seriously..

In other words, the smart people have already figured out that no matter where you go, unless it is your company, you are just a salaried slave. So you are best served by going/staying at the place that pays you the most for doing the least amount of work, so you can spend your precious time that matters the most to you, on things you have direct control over, so that you can quickly get out of the rat race. Or at least need to run slower in the rat race.

Enjoy running, rats.

You will learn that your new place will feel like your old place give or take a year or so. And the only thing that will matter is how much money your new place compensates you better than your old place. Hopefully your new place pays you a heck of s lot better than your old place. Otherwise, youade a terrible decision to move.