CEO meantioned 1 billion dollars cost reduction in letter today in effort to boost stock price. Details not elaborated. layoff is possible?
18 replies (most recent on top)
C'mon georgie, find the extra $2B, show them how is done
Cost cuts could save more than a bn for Qualcomm each year.
They are just going to cancel the fruit baskets in BldgN and save a BN
H1bs are cheap and pliant workforce
H1bs can bend backward to please their managers
Why report them
Why not deporting back all the H1Bs back to India and Asia ? And save jobs to Americans
A morale s---ing mini-SRP..
With the 1B axe in the air why vote white paper? Shouldnt we vote blue and at least get the CIC severance?
43% of SD workforce will be gone!!
Corp eng to suffer big cuts after merging with QCT
Guys don't worry
Engineering overhead is at least $250k per employee in North America ; so possibly around 4k reduction staff.
The last time they shaved 1.4 billion dollars was in June 2015. Pretty sure that was the last big round of layoffs.
https://finance.yahoo.com/news/qualcomms-2019-profit-revenue-forecasts-150845278.html
Let me check with my landscape maintenance worker contact and I’ll report on his response later.
Sodas. Gone
CA should layoff that goatee
Redmond office soda tax savings. no more free soda.
Don't worry guys
It‘s basically impossible to reach that kind of reduction without layoffs.