Thread regarding Qualcomm Inc. layoffs

Thanks.. Same old sh!t, different post I guess.

Nutshell ;

1. Glorified days are gone and nothing great after CDMA

2. Management didn't do the job well to contain headcount

3. Save 6 months of income

4. Hone your skills and search better jobs

క్లుప్తంగా;

1. ఘనత రోజుల పోయాయి మరియు CDMA తర్వాత గొప్ప ఏమీ లేదు

2. మేనేజ్మెంట్ ఉద్యోగులను ఉద్యోగస్థులను కలిగి ఉండదు

ఆదాయం 6 నెలల సేవ్

1. మీ నైపుణ్యాలు మెరుగుపరచడానికి మరియు మంచి ఉద్యోగాలు శోధించండి

Cáscara de nuez;

1. Los días gloriosos se han ido y nada genial después de CDMA

2. La gerencia no hizo bien el trabajo para contener el número de empleados

3. Ahorre 6 meses de ingresos

4. Mejore sus habilidades y busque mejores trabajos

संक्षेप;

1. सीडीएमए के बाद शानदार दिन चले गए हैं और कुछ भी नहीं है

2. प्रबंधन ने हेडकाउंट को शामिल करने के लिए अच्छी तरह से काम नहीं किया

3. आय के 6 महीने बचाएं

4. अपने कौशल को सुधारने और बेहतर नौकरियों का पता लगाएं

堅果殼;

在CDMA之後，榮耀的日子一去不復返了

管理層不善於控制員工人數

3.節省6個月的收入

4.磨練你的技能並尋找更好的工作

Can someone please summarize the post below, it's way to long for me to read.

The sad truth is that one of the biggest corporate management mistakes made at Q have been a reluctance to make the deep headcount cuts needed. There has not been the next “big thing” to drive growth. The whole CDMA & cellular telephony standards win, and near world-wide embrace of smart phones is over.

Top management has not pivoted to a mature market, cost-cutting mentality in time. Jana forced them to start, but it was too little and too late. Now AVGO is forcing their hand. If anything, the top execs have been too good to their workforce. They need to wake up and do the necessary thing. For the share holder’s sake, they need to make the deep, but smart cuts to headcount. Maybe this is the beginning.

Remember, a corporation’s mandate is to create and grow profit, thereby increasing share price and or dividends. It’s an amoral entity. Individual managers at all levels may have some degree of compassion or malevolence, but overall this is simply business.

Engineers would do well to remember this, and conduct their careers in a similar way. Your goal should be to create a high income and grow it over time. Of course there’s a more human component of job-satisfaction. For those of us who worked at the Q in the 90’s up through the early 2000’s we had the best of both. Vast sums of personal wealth were created among the engineering community AND job satisfaction was also high. It’s great to be working on cutting edge technology and be an industry leader. But those days are over.

Make a realistic assessment of your career prospects at the Q and take appropriate action. You may be better-off somewhere else. Or maybe not. Those closer to the end of their career and many years working at Q should probably just hang on for dear life, or check out with a package and sail off into the sunset. It’s going to be way harder for those guys to find a comparable position, and replacing your current total compensation is probably a fantasy. Those early in their careers, and especially those early AND highly motivated, should most likely look for a company with brighter prospects for growth. Advancing your career in a very mature company where headcount is decreasing rather than growing is a very difficult thing to do. Just not enough opportunities for advancement in this kind of environment.

If you don’t already have at least six months of your total compensation saved (in a stable non-retirement account) then you may have already f’ed up. If you have a mortgage that can’t even begin to be covered by renting the house out, then you should have a years worth of compensation saved. And most importantly, spend time and effort maintaining and growing your skill set. That’s what makes you marketable.

Best of luck to all.

Thanks OP for the info. Assume this is not accounting for the tax advantage with the new policies i.e. With tax advantage of ~10%, the numbers can go down, but how much is a (will be a )question ?

If 1.0 B is the target savings( 250k Average per head savings in N/A ) = 4000 ( Average)

If 1.6 B is the target savings = ~6400 (Average)

But why are they attempting for 1.6B, is this due to the merger ? if so, then ~4000 for QC and ~2400 from NXPI , right ?

The above numbers is just based on QC head count i.e this will represent 15% reduction w.r.t QC heads now. This is what QC should advertise and should focus in the near term, now and here!

Secondly, if QC is tricking investors by knocking of the duplication due to merger with NXPI, too bad. Not a good trick to play. This should be accounted as efficiency/opex improvements on top of the about 15% reduction. This will make the investor community happy.

As usual, they QC will attempt to confuse with number as they did during 2015 layoffs. If the continue to do this, too bad, we will revisit this topic in 2019 for sure. If they fix is properly right now, chances for survival is high( will love to see it) , if not 2019 is the year to perish

I heard a rumor last week they are trying to hit $1.6B in savings to exceed the $1B advertised to shareholders. This number here fom OP is pretty consistent with that at 6600 heads. Fasten your seatbelts my friends.

Nxp legacy factories are profitable...

Q has 30K, NXP has 40K, 6600 is still under 10%. I would think the number is 8000+ including manufacturing for NXP. I don't see how Q can continue to own all the legacy NXP factories.