Big cut will happen; but only after NXP merger; Q cannot afford to announce layoffs publicly under the scrutiny of European regulators; just be prepared when it happens.
I know some people are posting that layoffs will happen as soon as next month, but this is important point to consider. It's in Qualcomm's interest not to rock the boat before the merger. Only for that I think the company will lay low until it goes through. After that, though, it will be brutal.