Thread regarding Qualcomm Inc. layoffs

Anyone get retention package?

Heard some folks in specific groups got a retention package, mainly a load of rsu. Guess the rest of us aren't important enough.

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Post ID: @OP+TVAIdGq

14 replies (most recent on top)

I didn’t got a package or RSU retentions. But what I did got is a permission to work as often or as little as I like during cricket season. Did I say I got a permission? Oops. I am just doing that :)

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Post ID: @2yrk+TVAIdGq

Rsu not necessarily mean you are part of future. If they lay u off they lose nothing. U lose everything with rsu.

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Post ID: @2npo+TVAIdGq

If you don’t get RSU it means you are not part of the future plans....so start looking for a new job. If you time it right maybe you can get a severance right before you start the new job. That’s what I did last month.

Remember it is just a job regardless of your education and skillset. If they don’t need you or your job can be successfully moved to India your job will be cut. It’s that simple.

It’s all about the math ($) engineers just remember that and you will be fine.

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Post ID: @1mdx+TVAIdGq

"I got a rock."

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Post ID: @1xxh+TVAIdGq

I got a pat on the back

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Post ID: @1zxr+TVAIdGq

Qaulcomm's package is very cheap!

I got 4 offers this month. (prepared 1 month, interview 1 month)

All other company (start-up/big brand) pay much better than Qualcomm

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Post ID: @1jlg+TVAIdGq

I received a Qualstar

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Post ID: @1vqq+TVAIdGq

Heard some got equevelt of their salary. Must be nice.

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Post ID: @1mmg+TVAIdGq

yes. seems 80-100k in total for two years...

i am sure they will get the same in annual review... looks like this

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Post ID: @1hfo+TVAIdGq

it was more like 100k for certain groups

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Post ID: @bbz+TVAIdGq

80k. wtf. Even staff annual RSU is like 30-40k.

Ask Jim Thompson/ Cristiano/ Steve ... next all hand. its clearly meaning that whoever doesn’t get it,sorry don’t need you.

Why would you slog if they don’t need you....

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Post ID: @trw+TVAIdGq

I am on the fence about taking it or not. Lots here in Raleigh are getting offers from Intel >> they are coughing up bigger bonuses and are just asking what salary you want... Wish my group was being pursued but no ☹️sounds like Intel is massively growing here... Intel obviously has deeper pockets than QCOM.

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Post ID: @kbq+TVAIdGq

I heard GPU team got it as well and seems a lot, such as 80k plus for staff or sr staff.

Not sure if everyone get or not

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Post ID: @trv+TVAIdGq

modem people got it but not everyone

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Post ID: @tjq+TVAIdGq

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