Managers just show off their team achievement but when it's time to take a bullet, they bail!!
Qualcomm hold on to too many toxic employees. Every complain is of no use.
Toxic employees make life hard at work. They just blame others for everything and not willing to help.
QCOM stock
I'll buy some shares when they hit $50.
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
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.
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.
Got a message from a recruiter about an opening in Qualcomm
Is Qualcomm still hiring? Is this a good time to join Qualcomm? Thanks for your insights!
Cutting onle engineer level employees? How do you save money? Was expecting staff and above.
Heard qcom only cutting engineers in this lay off. Will this really save money with so many status collectors whom has much higher salary still around?
Thinking about cuts 24/7
This can't be healthy.
I received a rejection email after I finished the third round of interviews
And I thought it went well. I hate this. It's been so long since I've last had to search for a new job and things are not the same as they were. Not to mention, every rejection hurts. I'm more scared of being laid off now than I ever was, knowing how... — read more
how likely for intern rollovers that just started to get removed
no performance indication or even a few months under their belt..most intern rollovers just started this year and most this summer after graduating
will everyone be notified on the same day?
how will it go down? Email?
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
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
OneIT already so lean. Who will they decide to go
what type of roles are at risk? It’s not like engineering where u have to go to a lab and work.
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
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.
What's the reason for layoffs this time?
We are minting money, we invest left and right, flush in cash - so, what's the problem?
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
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
October 11, weds is the latest D-day
It is all hearsay, so take it with a grain of salt. Just passing along info from decent source.
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 ?
when will lists be finalized?
when’s the right time to ask manager about how reduction will or will not affect team
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
https://www.tomshardware.com/news/nvidia-surpasses-qualcomm-as-worlds-biggest-fabless-chip-designer
Wind of change is quite strong.
will we know first week of October or last week?
hearing so many mixed things about the tentative date we will know, but will QC string this along till the very end of Oct? the more time we wait the more anxiety inducing it is
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
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.
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
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
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