Thread regarding Qualcomm Inc. layoffs

Compass Outsourcing

I heard that 200+ people were outsourced? Is this correct?

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Post ID: @OP+PrrBAtF

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Yes this is true. Profits are soaring now. Not.

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Post ID: @1nba+PrrBAtF

Yes. They are a very successful service company. If outsourcing was done to cut costs this was probably the best choice available.

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Post ID: @jsb+PrrBAtF

This is interesting. Compass had $26 billion (US$) compared to Qualcomm $23 billion. Is this actually a better company financially?

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Post ID: @svh+PrrBAtF

Yes it is true. Janitorial, Part of Admin nation wide (rest of Admin at a later date), same with Shipping and receiving as Admin. Over next 18 months many besides these groups will be outsourced

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Post ID: @ahx+PrrBAtF

That sounds about right. I think just about every major company that is in financial distress does this to save money. This makes sense as every penny counts.

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Post ID: @hfa+PrrBAtF

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