As part of NXP integration, teams have been identified from both sides which will be axed. Overlapping teams will see cuts from QCOM side. Automotive, IOT are some of teams within QCOM Which will face major cut.
its easy to remove ppl from QCOM locations compared to European nations because of strict labor laws in Europe.
Be prepared for upcoming action.
Good fire balls of lawsuits ahead !
Flew under the media radar this one !!
NXP rapid take over would be suitable anti-trust resolutions pending the on going court disaster in SJ. Q to appeal then surrender to NXP.
yeah it does....
WT rumor is that now lots of cash burnt on buybacks; NXP will do run around and seek to acquire Q on the cheap post Apple legal chaos. You read it here first. Makes a lot of sense. NXP has huge customer base and large distribution org with marketing/sales experience in commodity parts. Thats exactly what Q lacks as it comes from a monopolistic background. All the synergies that Molly and crew saw are still there. But this way the Trumpest cannot stop it; Xi says he'll ok it and NXP execs get to boot Qs execs and the redundant dead wood.
NXP knows how to do this; shut SD, run it out of Colorado (better skiing there for NXP guys). It'll take several years but you know it sorta makes sense.
Surely more layoffs post-earnings to keep up the savings.
LOL, what about now.....approx 1000 people across the board
https://www.10news.com/news/layoffs-coming-to-qualcomm-employees-report
This is 1 yr old
There is no IoT department... that is just fake Silicon oxigen tetrahedra in not a dept is a project
yet another BS. 1500 will not cut it! QC has to show savings of 1bil without NXP, which is what investor are asking and SM committed. 1 bil savings is ~4000 heads.
If 1500 is the # leaked out and true, another big avalanche on its way soon. This would also mean, management is trying to play tricks again with numbers.
Watch out, how they release numbers. It will be super convoluted without any logic.
Note - SM is taking about 1.6 bil savings, perhaps its WITH Pr. Trumps new tax policy, which he did not explicitly state. He is playing with with his words.
yes the number is around ~1500 , its kind of confirmed
Nothing confirmed ..I m part of 1 company ..all this will start once deal is closed
this is ridiculous. there is no layoff.
Where do I sign up?
Seriously, I want the axe now!
Marketing VP moving to Intel!!
All pte being off shores to Singapore and all design to India. Confirmed. Employees to get food stamps instead of salary. Confirmed.
Everything is great at the Q
More opportunities for all.
Now get back to work and be more productive.
New VP leaving to Intel this week, just wait for the news....Messay is doing great and asking for more people to join!!
Good looking out. Keep the information flowing.
Not credible without specific details. Either put up or shut up.
Is confirmed, Quality is going to be affected based on secret meetings with PTE
Consider whole QCOM team will b killed which is overlapping with NXP.
Confirmed? How large is the scale?
Confirmed.
Evidence?