Got confirmation that layoffs are happening. They will start notifying the impacted people in the next 2 weeks. Sept end will be their last paycheck but they will depart in 2 weeks after notification. Performance appraisals will be delayed to exclude the impacted folks. Some centers like NJ, MA may be cut and few folks will be asked to move to SD or Boulder office. Folks over 55 will be asked to take a voluntary package with some goodies thrown in to make it attractive. Good luck folks.
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Bump … OP called it
got to say Thanks to OP for head up
Its really happening.
Since early this year, there has been rumors of 15-20% layoff. Until now, it never happened except maybe a small number of teams. If there is layoff this time and ahm is on Aug 8th, maybe not a big one given only 6 days apart.
The macro situation seems to be turning around, Intel numbers are not bad. I hope this reduces the % target. if you are impacted, take it as a sign for a change that was needed. Short term may be a pain but will most definitely improve the situation in the long run. If you really like your role and Q, then re-apply when things improve. So many cases of folks coming back.
OP- confirmed if AH is scheduled 3 weeks after earnings call.
PMs should be let go first.Make technical managers accountable for teams execution.
"soon only vps and directors will be left in SD"
this reminds of some joke that goes like how many bureaucrats does it take to change a light bulb
soon only vps and directors will be left in SD
I was told no layoffs before the end of the fiscal year. What happened?
If September end is last day then notification would happen this week or next week
15% in SD is confirmed.
They can’t go by age, they would get sued for discrimination.
The cuts are in redundant positions, primarily in engineering.
If your department hasn’t gone through a reorg, it will very soon.
The biggest numbers will come from people who didn’t return to the office or remain remote. If there is an office near you and you aren’t going into the office, you are basically saying your position isn’t needed.
Amon’s brother is highly corrupt!!!
Any where from 15 to 20% in NA. Minimal impact in QIPL. But they will make some scapegoats layoffs in India just to show that the layoffs are global.
What is the layoff % or hc in US?
I heard a lot of h1 are going to be let go.
What about Amon’s brother?
whta's QCA nd BDC?
CA, JT and the entire incompetent stealership should be let go first. They are the one ruining Qualcomm with their incompetency. Shame on you CA, JT and AP. They will ship all the jobs to QIPL.
@eht May earnings call reported 17% and 24% Y-o-Y revenue down for handsets and IoT, respectively. If QCA is okay, that will be a surprise
Will QCA be impacted?
Good engineers will be laidoff this time again.
"Leaders" having most of their team in their home country will be rewarded with piles of stocks and bonus for championing cost savings.
Biggest layoff in SD,
No impact in BDC,
Voluntary package not good as previously,
Earning report for Aug 2 is not projected to be positive. Everyone will be impacted.
I wish u the best of luck in ur job search. Although companies are currently posting jobs, they might no be actively hiring. I hope u receive some financial assistance to support ur family until u secure another job. Going through this process can be quite challenging.
The op sounds like a director just finished meeting for the ranked list of names, now is HR’s work to finalize exact number and folks to go
The fact that you are asking this stupid qs qualifies you for removal.
What if I am 54 and a half? Does that mean I am safe?