Thread regarding Qualcomm Inc. layoffs

Another round in Mar-24 ?

Heard some higher ups telling there might be another round in Mar-24

Has another other team heard about it

Please don’t abuse me on the post

Is it better to go to the fruit company ? Or sky works , they are the only ones hiring as of now

by
| 3982 views | | 13 replies (last October 27, 2023) | Reply
Post ID: @OP+1pbfdgiT

13 replies (most recent on top)

It does make sense to do it batches. Some people will leave on their own without serverance in between batches.

by
| | Reply
Post ID: @7ezp+1pbfdgiT

Fruit company has lowered its pay for laid off Q folks so good luck.

by
| | Reply
Post ID: @3cni+1pbfdgiT

Actually, layoffs happened in Jan, March, then May and now Oct. The word is cuts will continue to happen on a quarterly basis. Massive cuts cause alarm. Doing quarterly is a smart way to go.
December cuts are AR based followed by cuts in March. Good luck.

by
| | Reply
Post ID: @1yql+1pbfdgiT

OP is a Troll.

by
| | Reply
Post ID: @1aif+1pbfdgiT

Why wait? Low performers will be let go in December 2023

by
| | Reply
Post ID: @1izj+1pbfdgiT

There has to be. Wall Street was disappointed with low numbers this month.

by
| | Reply
Post ID: @vjz+1pbfdgiT

There have been big layoffs at SD QCOM in 2015, 2018, and 2023 all of which totals roughly 1,200 people. My guess, there won't be a big one in March 2024. Maybe a very small one to fine tune cost cutting. But Q does these small cuts occasionally that is under the WARN radar. You have to ask yourself, can your job be shipped to another low cost center? If yes, jump ship NOW!!!!!

by
| | Reply
Post ID: @eno+1pbfdgiT

All the layoffs that have already occurred were announced. So unless you hear it from the horses mouth it’s just conjecture atp

by
| | Reply
Post ID: @riw+1pbfdgiT

I have posted this earlier. As engineers who can be financially literate to some extent, all you need to do is correlate previous layoffs against previous 10K filings.

by
| | Reply
Post ID: @nrx+1pbfdgiT

Post ID: @kku+1pbfdgiT

You are completely ignorant.
Q had just a lay off in May. Then followed with another one in October. What makes you think the next one is not waiting already?

by
| | Reply
Post ID: @toy+1pbfdgiT

It does seem like Q is doing layoffs in bits and pieces. At least two this year that I know of. Perhaps they think that one huge one looks worse in the news than a number of small ones, and perhaps easier to manage as well.

by
| | Reply
Post ID: @vyh+1pbfdgiT

Layoffs aren’t over; this was just the beginning; they planning 10% cost cut reduction total

by
| | Reply
Post ID: @krk+1pbfdgiT

There is no basis for this rumor. Think about it .... Why would Q be planning another round just after this large round? Just lay off more now if Q wants to reduce expenses. It makes no sense.

by
| | Reply
Post ID: @kku+1pbfdgiT

Post a reply

: