Topics regarding layoffs at Qualcomm Inc.

Topics regarding layoffs at Qualcomm Inc.

QCOM stock

I'll buy some shares when they hit $50.

by
| 1040 views | | 3 replies (last September 26, 2023)
Post ID: @OP+1oNLwVqB

Underperforming BU will be axed

There are tons of business units that are not making any money. AFAIK, most customer facing service units with cloud or SaaS components will be eliminated as a part of portfolio reset. This will include the VP and everybody under them. If you are in... — read more 

by
| 2290 views | | 4 replies (last September 27, 2023)
Post ID: @OP+1oNCLum3

No grievance report against management team in QCOM?

There should be a grievance option for employees to file against management just like management sayi g employee insubordination. This will give employees a platform to feedback any misuse of power.

by
| 1210 views | | 7 replies (last September 26, 2023)
Post ID: @OP+1oNYq8ZS

The end is near it is crystal clear

Next week folks! Thanos-like execution. CA to personally press the send button in Outlook that will reach 50% of our SD workforce. Godspeed. Reliable sources as always.

by
| 2480 views | | 3 replies (last September 27, 2023)
Post ID: @OP+1oNeyD0U

Laid off with RSUs

Here is a good website to read about getting laid off with RSUs in your severance package or if you already have RSUs given by the company. https://www.equityftw.com/articles/what-happens-to-rsus-if-youre-laid-off

by
| 1561 views | | 1 reply (September 23, 2023)
Post ID: @OP+1oK5ghJZ

List was already finalized

The list was already finalized 2 Fridays ago. Its in HR now, doing? I dont know but it was finalized. The question is when will they notify? And why are we doing workday before and not after notifications. Also, is it the 1st week or 2nd week of... — read more 

by
| 3260 views | | 9 replies (last September 24, 2023)
Post ID: @OP+1oKGKj1s

Prep Work

Lifted this off my linkedin feed, 33 things to do to prep for layoffs, most are applicable to us as well: 1 - Emergency Fund: Save 3-6 months' worth of living expenses. 2 - Debt Reduction: Pay down high-interest debts to reduce financial... — read more 

by
| 1430 views | | 3 replies (last September 23, 2023)
Post ID: @OP+1oKddHx1

China

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.

by
| 2390 views | | 11 replies (last September 26, 2023)
Post ID: @OP+1oKimvDz

Apec severance

The severance is confirmed to be N+3 in months. N is the number of services years. Just because the last layoff people got N*2 weeks doesnt mean its the same this time, a colleague who got the notice notify me and every else mentioned it. They also... — read more 

by
| 1640 views | | 1 reply (September 23, 2023)
Post ID: @OP+1oK08Fmg

Would you move to India

What if the management offers you a possibility of continuing your same job but you need to relocate to Indian offices with Indian salaries? Of course with children and family it ain’t not easy, but what about all those young single fellas from... — read more 

by
| 1600 views | | 7 replies (last September 25, 2023)
Post ID: @OP+1oKxkJ1m

Directors and above

The speculation is most director and above roles are going to be safe. How does this make sense if Qualcomm is trying to cut down in expenses ?

by
| 2750 views | | 11 replies (last September 29, 2023)
Post ID: @OP+1oKPUpoG

Dividend

Apart from the genius CFO who approved raising the dividend two quarters ago, which costs the company about $800M per quarter, and yet the stock keeps falling; I have a question: Did anyone get the dividend yesterday/today ? It was due yesterday but... — read more 

by
| 1140 views | | 1 reply (September 23, 2023)
Post ID: @OP+1oKBW3fB

Company rewarding slackers

If you are a slacker and low performer that you will get laid off, then congrats ! The stupid company who is trying to cut costs will reward you: You get 3 months + 2 weeks for every year + lump sump + Nov RSUs And severance is taxed at 22% flat... — read more 

by
| 2150 views | | 10 replies (last September 26, 2023)
Post ID: @OP+1oKfPTjR

Canada heavily affected

Confirmed by HR Canada will let go all WFH employees who are living far away from office Under MA org 30% reduction coming in display hw and ai systems will transfer All staff and above under careful consideration for removal.

by
| 2280 views | | 7 replies (last September 23, 2023)
Post ID: @OP+1oJWcymx

for those that need to hear it:

update your resume. send applications. practice LC if you do that. get off your a-s. this layoff is going to be as big -- or bigger -- than you're seeing on this site & others. it's going to be a bloodbath. don't sit around and wait for the bad... — read more 

by
| 1510 views | | 1 reply (September 23, 2023)
Post ID: @OP+1oJL0geh

It's official: Shanghai job cuts.

https://finance.yahoo.com/news/us-chip-giant-qualcomm-cuts-093000133.html Silver lining: A Qualcomm employee in Shanghai, who declined to be named due to the sensitivity of the matter, told the Post on Thursday that the lay-offs were already taking... — read more 

by
| 3090 views | | 7 replies (last September 23, 2023)
Post ID: @OP+1oJMKMnJ

Modem is not easy !

Say whatever, when it comes to modem , nobody comes close to Qualcomm. (Not talking about the revenue and cash flow . Just about the innovation and technology leadership ) https://9to5mac.com/2023/09/21/apple-modem-chip-project-failed/

1st week of Oct

Does anybody recall the day employees were notified last layoff? Cause it looks like its Wed Oct 6th. But was it a Wed last time.

ThankQ

Don't forget to cash in your recognitions before the door hits you in the a-s

by
| 2190 views | | 12 replies (last September 24, 2023)
Post ID: @OP+1oIq0d68

Start a new thread - post a news comment, question or message:

: