https://www.investors.com/news/technology/qcom-stock-qualcomm-returns-to-growth-in-q1/?src=A00220 In a report, Chatterjee called the current smartphone recovery "modest." Also, Qualcomm's results and outlook likely benefited from inventory restocking... — read more
They effectively said no layoffs for now at earnings
This is the quote so don't spread false rumors of march layoffs. Everyone get back to work (whether you work at Qualcomm or not). "the way we think about it is any hiring that we do will be very selective and focused on really acquiring new skills... — read more
Earnings don't look too bad?
On the modem side, only downsides I see are Huawei using their own chipset for 5G and Samsung using exynos for some of their models. I don't think they would layoff more modem guys because of this????
This is something, at least
At chip maker Qualcomm, the company requires that employees spend four days a week in its offices. CEO Cristiano Amon said he doesn’t see a need to change the policy to full-time in-office attendance. “I feel like four days a week, five days a... — read more
March 24 layoff - teams impacted ??
Any idea which team would be impacted?
Earning call
What do we do now?
Layoffs in Second week of March
Seems like small lay off of about 300 in SD.
Y’all smell layoffs? I do
It’s a comin, soon
PMIC Workplace Culture Improvement Ideas
It is no secret that the PMIC team in San Diego is notorious for its toxic work culture. The toxicity is deep rooted in the department even the HR can't do anything about it. Some examples of bad things that nobody addresses: creating fear, having... — read more
Feeling so great ! Well done CA!
$150+ We want your comp to jump more...!
Qualcomm CEO's pay jumps 395%
https://www.theregister.com/AMP/2024/01/09/qualcomm_exec_pay/ Good for him The "regular" employees got 0% increase
Qualcomm to open new Design Centre in Chennai - create-1600-jobs
Looks like Q is getting ready for next wave of RIF in US. https://telecom.economictimes.indiatimes.com/news/devices/qualcomm-to-open-new-design-centre-in-chennai-with-rs-177-27-crore-investment-create-1600-jobs/106610292
CES Snub??
A little bird mentioned QCOM has been caught doing some shady dealing. A small number of influential companies plan to ignore Qualcomm in Las Vegas. No open hostility, just no time for Cristiano and his gangsters.
When will RIFs start?
We know they are coming, but when will Qualcomm grace us with the first layoff round of 2024? I say before the end of the month.
Qualcomm Layoffs 2024
Is there going to be any reorg or Qualcomm layoffs? Any chatter, news or rumors?
Advice for those looking for a change
Very wide range of tech at Q. With 7 to 12 years exp, you'd gain significant exposure with SOC based s/w (if on a right team). Huge advantage and can bypass the LC style interviews at faang should you choose at that point. Change teams/companies if... — read more
CFO be next CEO
Akash Palkhiwala would be the next CEO?
Which teams are the safest?
Which teams are the safest for the next fir ? Can we switch to safest team ?
Demographics Of Those Laid Off
Did CA pull an IBM? White and Asian males at all costs?
layoff: against dissent
It's fu--ing funny, an excellent CE veteran I know was laid off and is now being hired by a big customer company, and the boss who laid him off is now going to service him - his boss laid him off purely to fight against dissent.
What’s the current total headcount in Qpeople ?
Just curious, what’s the total headcount roll ups in Qpeople after recent headcount reduction?
More cuts
What are the chances the leadership will let us get acclimated to the new year before hitting us with the next mas-layoffs announcement? Or can we expect something like that in the first or second week of January? Looking at history, the chances of... — read more
CA really turned it around!
Stock is on a tear and all is ok now... I guess??
Small world
I just got hired at a new company… and the person who hired me was my former boss at Q who had been fired previously…. Funny how the world works! Even if you don’t like Q - some people at Q are worth keeping in touch with
Any upcoming RIFs?
I'm really wishing for one. Is there any RIFs planned?
AR23 RSUs are less
I got less RSU (even my rating is higher than AR23) for AR23. Anyone had the similar situation? I
Happy to have a job
I am just happy to have a job. My roommate (of 2 years) was let go my Q and I was retained. He is having trouble finding another position in SD and will probably have to leave the area! I am happy to cover his part of the rent until he lands... — read more
Making India look good
I heard that C-level IT management is telling their direct reports to make the QIPL teams look good even though they’re not doing a good job and to divert the credit for all work to QIPL teams even when the majority of that work is being done from... — read more
More useless promotions
One of our middle managers in PMIC got promoted yet didn't work on a profitable project for the last 5-10 years.
401k cashout?
Got Q'ed last month. Does Qualcomm cash out 401ks or roll them over?
It's Quiet
A lot less complaining going on here. I guess they fired anyone that called them out. That's one way to "solve" the problem. I feel sorry for future hires. They have no idea what's coming. Those managers are still there, untouched.
Does Apple's suspension of modem development mean that many rounds of layoffs this year are wrong decisions?
Many rounds of personnel reduction plans this year are C&A thinks that Apple will have its own modem in 2024, but the current news is that Apple's development is blocked, does it mean that C&A has been fooled? I feel that C&A is like a clown... — read more
Apple to discontinue modem development
https://wccftech.com/apple-plans-to-discontinue-development-of-5g-modem/
Qualcomm probably still struggling in 2024
https://investorplace.com/market360/2023/10/7-stocks-that-have-zero-hope-for-2024/
AR23
So not only we lived with 2 months of anxiety over the layoffs but we are now also 1 month delayed on performance results. Anyone remembers CA letting us know we were getting 30% less bonus that last year? Or was my understanding incorrect?
Does stock account stays in Etrade after quitting Qualcomm
Does the stock account where RSU grants go and vest stay in Etrade even after we quit?