Does PJ really think he can pull this off? Don't get me wrong, I'd be very, very happy if he was able to, but there is no chance this is happening. Why continue beating a dead horse? Ex-Qualcomm chief aims to build investor support for bid... — read more
Is it this week ?
Is it this week then, when the s**t hits the fan ? SM could be out this Friday. PJ could very well be back with his private bid. What about “thelayoff” what this site is all about ? Let’s face it, we’re all sick and tired of this continuing... — read more
????
Spent all last week WFH due to all the stuff going on. Is it all over? Should I come back or WFH another week? It was easy to explain since rain was in the forecast last week, but this week it's only 1 day. Any tips on how to WFH another week?
Is it just engineering that has all the problems ?
This board seems to focus totally on Enggineers. I am very sure there are boat load of problem in other functions as well. What are they not getting axed equally ? Note - Granted Engg. % will be higher w.r.t others, but all are equal when its time to... — read more
Raising 120B to go private is possible
Octabe rounded up investors and raised 117+ B, with added softbank to the list of investors and if Paul is able to pull in those investors who went with Octane, its very much possible Qualcomm goes private.
But this is the truth
https://imgur.com/a/e941U
Vote White!
But vote withhold for directors. Vote for PJ if you want to flip the bird. Send a message. Board members who fail to get a majority are required to tender their resignation. The Board can reappoint them and probably will, but they will know they are... — read more
Total new game
Brothers and sisters, layoff is cancelled. Once Softbank buys qcom partially or entirely,it will helpbus to team up with arm. This will position us in realm of the only mobile application processor provider by removing all others including huawei... — read more
GD's [George S. Davis] performance
Any comments on his performance since he became part of Qualcomm. Seems to be hiding behind the scenes and playing is safe by being invisible. Is he doing the right things for the company ?
is 5G all hype?
Everybody seems to assume that 5G is the next big thing that will make Qualcomm and America great again. Reality may be different. Is 5G all really hype? Below article from wired... — read more
CIC trigger?
Did the board just trigger the CIC policy by changing the makeup of the board? Lost a member without a vote.. Eliminated the top position.. Hmmmmmm...
Finally the real Steve M. will show up.
He's been under the thumb of PJ for so many years and taking s*** for PJ as people accusing him of incompetency etc. Now he's free. Let's see what's his vision of the company, his real vision. PJ was obsessed with outsourcing after outsourcing... — read more
Be nice and respectable
PJ attempted to save the company and sure he also had good intentions for the employees. Dont think he was for the layoffs and/or let the company taken over. Its not easy to build or run maga multi billion tech company such as Qualcomm. Obviously... — read more
feeling
I am very much sure now that qcom is done. It is now going into bankruptcy path. So frustrated that there is no one who can steer this ship correctly. It is just matter of time now. I will abandon the ship.
QTL should patent the whole takeover saga and license it to content companies.
Will take anything that could help achieve the EPS targets #Inventoff I ❤ Q
The ex-CEO and co-founder’s son was stripped of his executive-chairman title last week as company sought to fend off Broadcom
Qualcomm Ousts Paul Jacobs From Board as He Chases Long-Shot Bid for Chip Giant The ex-CEO and co-founder’s son was stripped of his executive-chairman title last week as company sought to fend off Broadcom Qualcomm Inc. took the extraordinary step of... — read more
Only principal and above are impacted?
Just curious to know if current lay offs will be focused only on principal and above or other lower titles, like sr. Engineers should be concerned too. There are close to 4000 principal and above titles currently.
who is next?
News reports says current board will get only 16% vote. So the entire board needs to resign. After that SM, CA, JT and all the SVPs reporting to them needs to be fired. Let the cleanup begin. Will Buffett loan100B to PJ is the 100B dollar question... — read more
Next Friday Going to Be Awesome!
A WWE smackdown. Will Paul be a no-show? Irwin and Joan to be in attendance like last year. Fur will fly.
Bye bye PJ
There it is. Heeee’s outta there.
Qualcomm Scion Paul Jacobs May Exit Board as He Chases Long-Shot Bid for Chip Giant
https://www.wsj.com/articles/ex-qualcomm-chairman-ceo-paul-jacobs-may-step-down-from-board-1521213846
MBAs and Lawyers
Qualcomm used to be a world class company. Now the MBAs and Lawyers are running the company will make it a crippled enterprise for the years to come. Most companies with integrity operate with employees in mind. They cut salaries, reduce 401k... — read more
401k question
What happens 401k if you quit. How does that work? What if I have a loan I used to purchase my home? Thanks. Cheers!
I wish you all the best...
I wish you all the best...I have been through this in 2015 and I now realize how lucky I was to be laid off then...I was able to find a better job with better pay.. Qualcomm was awesome place to work when I first started. But culture became... — read more
Are u laid off or not?
If you know how to do butt kissing and play politics yes you're safe. If you have a opinion and open about it then pack your bags
Jacobs "snapped"
"And not thinking rational anymore." According to sources cited by CNBC this morning.
Hiring freeze?
Is there currently a hiring freeze at Qualcomm San Diego location and any other locations? When did it start and how long will it last?
Qualcomm now and then
Then: Amazing health care Free water bottles Business class flights Top 10 in best companies to work for in America 35 yr old management Now: High deductible plans Expensive cafeterias Coach like a roach Top 10 in layoffs.com 55 yr old management Add... — read more
Excited to start on monday!!!
Happy to be in San Diego. Finished my PhD last year and was waiting for a while. Will join Corporate R&D!!!!! Any hints about that team?
Stock price for buyout
Given that Broadcom's 82 dollars a share vastly undervalued the company, wondering what price PJ would be willing to pay for it?
Qualcomm Ex-Chair Jacobs Seeks to Buy Out Company with SoftBank, Others, Says FT
Paul Jacobs, once CEO of Qualcomm (QCOM), and up till this month its executive chairman, is talking to “several global investors,” including SoftBank (9984JP), about buying out Qualcomm, according to a report this evening by the Financial Times’s... — read more
ISS recommends vote 4 blue directors even though vote won't count
Why throw away vote? Stupidity on the part of ISS. Haters gotta hate.
SM total reports reducing: 30543 Today
30553 Headcount under SM yesterday, today it's 30543. So 10 people were let go yesterday? Let's keep posting this number to see the trend companywide.
CA mentioned that the reduction will be quick ?
How far or close is it ? been 4+ weeks right ?
Are contractors really leaving or letting go !!
Plenty around still right?
Major Issues with Qualcomm
Qualcomm San Diego employees have an overbearing attitude towards employees of other regions. Their attitude and behaviour is driven more by nervousness and fear of losing jobs. Qualcomm culture is getting bad.
Seriously?
So now we have people claiming there are layoffs today, next week, early April, May... Are we playing Bingo? Nothing is known right now, and nothing will be known in the next few weeks, I can guarantee you that. This was a major attack on Qualcomm... — read more
April layoffs
Rumors have already started circulating that a major round of layoffs will come as soon as the first half of April. I guess it does make sense that higher ups will do all they can now that the threat is gone to maximize profits (even if we all know... — read more