This time around China will get decimated. There is a strategic shift towards moving things out of China and we'll be no different. Everyone is doing it, we are just (as always) late.
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Like Panda Express, China is more broccoli than beef.
Q follows the industry trends, and everyone is leaving China. This isn’t a secret, or even unexpected considering the continued political instability.
@wrs+1oKimvDz
Unfortunately, the information we know is Q is moving Wi-Fi R&D to India.
64% of revenue came from China, including IOT and auto market. Good luck exiting!
@jjp+1oKimvDz, try reading more. Shanghai office is not gone. Read an updated news story on this. If you’re actually a QC employee, try talking to a colleague from Shanghai.
Most jobs from China will go to India/Vietnam/Thailand/etc. Basically, developing countries where labor cost are low and technology is growing.
The trend is all tech companies will cut its R&D in China soon. No long term investment in China due to potential conflict
Even though they can't sell to the Chinese market, that doesn't mean they will cut employees in China. They will still continue to invest in employees in China because they are still less paid then in USA. Also, there is a huge investment in AI in China by China, so the company will want to take advantage of that by hiring bright minded people experienced with the latest AI technology.
Since corporate revenues/profits decline due to sanctions, the people who will get layoffs will be the regions which are highly paid employees which translates to USA workers. The teams that will get layoff in China are only teams where the project is not continuing or the skill of the employee is not needed. The same rule applies for those in other international countries. After all, the company is in the business of making money. The sanctions are not on employees from China but on selling products to China. High cost region employees are always to get layoff first, ALWAYS!
If there is a high cut in wifi team in China, does it mean less % cut in QCA bay area?
I believe @jjp might be mixing up a layoff in their org with the possibility of a complete site closure, which would indeed be a disastrous outcome.
In the context of entering the Chinese market, maintaining SDC is so important, especially with the decline in Apple's business presence. This factor holds significant importance at this point in time. it's not uncommon for major U.S.-based multinational corporations to reduce their workforce in a country X, and this action often doesn't create a significant political impact.
you are late with this news as the entire shanghai office is gone and taiwan cuts have already started (they may be done by now)