Thread regarding Qualcomm Inc. layoffs

Detailed Education on Broadcom

While anxiety is understood, given uncertainty, there is a lot of chatter about BRCM being "Chinese" company, taking China Debt, BRCM will stifle innovation. It saddens me to see highly qualified folks (i presume...) are making assumptions, without knowing reality, just based on internal fears, fear of unknown and just hear say. Here's what I recommend to the folks.

Reach out to your friends, friends of friends, etc, who currently works at Broadcom and have joined Broadcom as part of any of the 5-6 acquisitions, and ask about their experience. Here's what you will find out (please do research before trolling...).

  1. BRCM R&D employees are paid at 90+ percentile in the tech industry - don't take my words for it, ask around.

  2. Broadcom invest heavily in the product line they believe in to ensure they stay ahead of competition. (Commentary: They are #1 in dozens of product lines, figure out why...They didn't buy any company since BRCM-AVGO merger in 2016 and yet they grow organically in 2017 by 10-15% or more, look up actual revenue/earnings from yahoo finance - think why. Cost cutting can only reduce expense, not grow revenue, how come they are able to grow revenue, if they are choking innovation - again use some rationale thinking, you guys are engineers, for crying out loud!)

  3. Broadcom doesn't invest in science projects, or shining things, or things with no clear ROI, or in a new space where they can't be #1 in a foreseeable future

( Commentary: First few months after acquisition feels like you are having a colonoscopy - culture change, speed at which company moves, you got to do more than what you used to do etc etc, but when you start seeing green$$ for your efforts, people start changing opinion)

4, They are NOT Chinese company, do you f'n research folks

  1. You work your a** off, but in December you get a super good bonus and then you get RSUs like you never dreamt of - again, check with your buddies who work at BRCM

  2. CEO don't give you hugs, HR don't give you fancy training or motivational props, IT tools are sub par, but little to no politics, fast decision making - You work for a excellent compensation and that's all - no lovey dovey stuff, not a place you call home, but a place that for sure allowed a whole lot of people to buy multiple homes - again, check for your self, not by googling stuff, pick up the phone and talk to actual people

  3. If you want to invent new technologies, work on solving world hunger etc BRCM ain't for you

  4. If you want to make next gen of existing technologies better (4G to 5G to 6G...being simplistic here), and you are good at what you do - you will thrive and make tons of money, provided you are at least in part motivated by $$$...

Bottomline, sorry folks, either way, it ain't looking good for QCOM, but if BRCM takeover folks working in product lines, which are science projects, are the one looking for jobs. There may be some incremental corrections across the board, but that's to be expected in any acquisition - don't be naive!

If QCOM stays independent, there will be major cuts across the boards to show efficiency, that's being promised.

If you are good at what you do (B or B+) and work in a product line (core business) which provide decent profits, don't need to worry, you will come out much ahead with BRCM. I would guess if QCOM stay independent than those folks should be OK in that case as well.

For rest others, sharpen your resume, keep your eyes open, reach out to your contacts, it'll work out in the end... best of luck, don't let this get to your health.

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| 2320 views | | 9 replies (last ) | Reply
Post ID: @OP+RMsaWv0

9 replies (most recent on top)

People should think about why BRCM is so eager to acquire QCOM. Because they already see they will have problems without doing so.

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Post ID: @1akh+RMsaWv0

voted white

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Post ID: @xxw+RMsaWv0

They DO spend much less on R&D than industry average ... that is a FACT and easily looked up. HT himself said he's rather buy new tech off some company than do research. That's a FACT and is the whole reason for his reputation.

HT knows wifi is dying and brcm is in horrible shape for 5G. there living off pre-merger brcm R&D investments but that will run out soon. He badly needs to buy QCOM just to keep the music going, or theyll be in big trouble in a few years.

Companies like Avago are on never ending cycle of borrow->acquire->slash costs->repeat. THats there only trick . The earnings/stock gains are all temporary. If/when avgo stops buying (or gets blocked), years of not investing in R&D is exposed and everything falls apart.

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Post ID: @zpe+RMsaWv0

Nicely put. Any company should be like this to make money and stay competitive. Any organization spend too much effort in sci projects are doomed to fail. Stay focused on building useful product so it doesn't matter which company it is.

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Post ID: @kgt+RMsaWv0

Motivated thread by f’n tan. Hock tan fires ppl in bcom on monthly basis.

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Post ID: @wmp+RMsaWv0

Q should invest in netzero like its 1997. In 1998 we make BIG profit, forget about Samueli and Nicholas and mdma fueled board meetings and handcuffs and coke and rolled up five hundy euro notes and sinc pulses and where are my damn keys for the next key bump and key party that’s not my wife but whatevs it’s Irvine and we’re Masters of The Universe and LTCM is long behind us so is Solomon desk

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Post ID: @sbc+RMsaWv0

I agree. Very thoughtful with facts..

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Post ID: @jgf+RMsaWv0

Many people have been saying this, albeit less verbosely: Broadcom would strengthen productive parts and get rid of unproductive parts of the company.

I would actually be happy about that, because I work in a productive part of the company, and I am sick of seeing our profits going into idiotic „strategic“ projects that have near-zero chance of going anywhere. That money should go to shareholders and into my salary. Period!

I talk regularly with an old colleague (we worked together on GSM tech in another company 20 years ago). He works in one of those „pie in the sky“ areas. It‘s a project that produces absolutely zero revenue and that has no perspective of ever making a single buck for Q. Yet he earns nearly 50% more than me for being an expert in his field. He can pull off 40-hour weeks, while I have to do 80-hour weeks every now and then to „save the world“. Even he says that it is not fair, and he knows full well that he would be the first to go after a Broadcom acquisition. So yea, I know I will be called a Broadcom shill for that, but I voted blue.

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Post ID: @duy+RMsaWv0

Wow! One of the most reasonable posts ever read on this forum, which is filled with negativity and hatred.

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Post ID: @xyv+RMsaWv0

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