Thread regarding Qualcomm Inc. layoffs

Why qc should have liquidated before the $10B buyback

1) With the company marching full speed towards bankruptcy, employees have lost all motivation about the reason for their work.

2) Cutting merit/bonus by half going forward, cutting health insurance and benefits one after the other in the current environment has crushed employee morale.

3) After the layoff old timers are in a complete rest even H1Bs are leaving on their own. If a company can't even H1Bs it means it's just a lost cause.

5) Nothing was done to retain departing talent. I'm a very good example. Had superb reviews and was a key contributer in the project. I was very vocal about my intent to depart, still got the same crappy merit/bonus combo like everyone. And only after I gave notice they tried to give bonus, etc to retain me. But it was way too late and wasn't even close to matching my other offers.

6) People with titles sr staff and above are utterly useless. This is incredible, they literally do nothing. I've attended so many of their meetings, the entire time is just spent with trash talk. And the rest of the time they will just read statuses. And these people are spent the most money on. Fvcking bcg was able to figure this out just by looking at expenses/costs. Yet nothing's being done to cut these costs.

7) pj,sm and da are effectively all CEOs and compensated as such. With all the money they make even apple/googlr don't have this kind of redundancy.

Ideal solution was to sell all the patents/assets to the highest bidder when the cash reserves were still at $30-$40B add all the gains on top and do a final liquidation distribution to all shareholders. If you do the math shareholders would still have gotten half to two-thirds of the principal that way. Now however in a few years you'll be lucky to get a penny for every share you own.

What's everyone else's take on this?

by
| 1011 views | | 2 replies (last ) | Reply
Post ID: @OP+GnzMi7R

2 replies (most recent on top)

OP: I don't think QC's situation is quite as dire as you make it out to be. Yes, there is redundancy in management--and lots of it. Yes, a lot of talent was kicked to the curb in layoffs or ignored when they left. QC has no apparent ability to plan projects. The internal cooperation is practically nonexistent as every silo defends its own turf, hoping to eke out higher bonuses. Furthermore, the executives have little vision, and their goals are either unrealistic, or, like many IoT application, are functionally obsolete because they started thinking about this too late. They need to start recruiting top talent, starting with SM's job. He obviously can't do it. Murthy at least did us a favor and left. There also needs to be more emphasis on quality in releases and customer support, rather just throwing sh-- on a chip in a way that lets QC patent it. Past a certain point, people don't care about the next newest thing; they just want it to work. If it doesn't work, they want it fixed--like yesterday.

by
| | Reply
Post ID: @1tke+GnzMi7R

Addressable market of self driving rockets to Mars is in the trillions. Passengers will be watching 16k uber high def video. Dividend is safe

by
| | Reply
Post ID: @pie+GnzMi7R

Post a reply

: