What teams do you think are going to be targeted most?
Future of status collectors
What do you folks think laid off status collectors from Qualcomm will end up doing in the future ? status collect somewhere else complain and do some real work start some awesome companies and deliver value switch to full time on their... — read more
QPSI should be first on the list for Layoffs along with their VP
They take tons of resources and deliver almost nothing. Mostly Bobbleheads just su-king up oxygen in the room.
Effort to raise stock!! I think those numbers are fudged
https://finance.yahoo.com/news/employee-feedback-engagement-qualcomm-131500829.html
Recently shifted to other companies
Apple, Meta, Google, Amazon are not fun places to work at. The big advantage of working for these companies is they have higher standards for hiring and the performance reviews are fair. For the short term this is a better arrangement. Qualcomm pay... — read more
QCOM hiring in TJ!
Maybe it’s time for HQ to be moved to TJ? All QCOMmers will be forced to learn spanish!
here is an idea: take a PTO starting early Oct thru 3rd week (or later) in Oct. due to WARN, they gotta give you a 2wks notice.
...to cover the bonus payout time (inside your 2 months WARN notice)
Why is the yearly review process underway before impacted people been informed
How does this make sense?
Any word on US sites outside of SD?
I work in AZ. I've read rumors that most (all?) US satellite sites will be closed. Not sure of the validity to that, but I suspect we're more at risk than the home office. I'm fine with whatever happens though. Will take my severance and do something... — read more
I hear that layoffs have been canceled
With the Apple extension, the target for R&D as a percentage of revenue can be met without layoffs.
CTO dumped 27,962 qcom shares this week
Looks like rats are getting ready to abandon ship.
The date has slipped out
The date had slipped out. D-mb people in HR have countdown board to first round of notifications on 10/13. They have to make sure you won’t get a year end bonus having you leave prior to that bonus date in late Dec. so the two months warn act puts... — read more
Insane, these guys own so much
https://www.marketbeat.com/stocks/NASDAQ/QCOM/insider-trades/ Check how these bigwigs have you been owning so much stock!!!
Top 5 Status Collectors.
Status collectors seems to be a recurring theme. Which group/team are the biggest status collectors. List your top 5.
History repeating itself
This 2017 thread from Intel is particularly relevant to the current state Qualcomm is in. https://www.thelayoff.com/t/MPo0USG Intel clearly did not take action and is actively going down the drain. Qualcomm will head the same way if it does but... — read more
The list seems finalized this week!
The annual review email today includes 87% of all the employees, which means 13% will be the unlucky number, is that an industry standard? My manager already canceled all the meetings for one of my teammate, looks like he will be let go...
Qualcomm Ireland
Any news about layoffs there ?
Qualcomm New Jersey Bridgewater Location
What's happening at Bridgewater, NJ ? There's eerie silence here with whatever people we have remaining. When would we find out ? Hope we maintain critical mass to keep this site going.
We R Q !
They did not build it themselves! Our brains did it and so did the support we gave them They tricked us to become engineers! We are smarter than 99% but tricked out of the money they tell you "your job is like a religion and you are like an god"... — read more
QCOM stock woes
BRCM - "We signed a deal with Apple to supply a component needed for 5G" - Stock goes up by $200 QCOM - "We signed a deal with Apple to supply the whole 5G modem" - Stock goes up by $2. Sums it up I guess
shrink the "status collector" class by 90%
If Q wants to have a shot at navigating this inflection point, they need to wipe the slate clean and bring in new leadership at ALL levels. This means 90% of status collector class needs to be removed. Companies rarely get a chance to reinvent... — read more
Hierarchy cr-p
VP collects status from Sr director. Sr. Director from Director. Director from Principal/mgr PRINCIPAL/MGR from Sr. Staff Sr. Staff/mgr assigns to Staff, Sr. Eng, eng. Sr eng and eng don't do much so all burden comes to staff so status collectors... — read more
Need input
What should I do? Stick around, train my replacements in India, let more RSUs get vested, and then finally get a package when I get the notice. OR.... Get a job elsewhere right away. Advantage of the latter is the satisfaction of not letting Q... — read more
Any date updates?
I’d rather find out than wait in suspense for the axe to fall. Any ideas around when we will know?
IVPC layoffs
Large reduction needed in this dept.
TCE/COMET layoff
Rumours spreading around tce comet going to layoff 15% is it true?
Boss
My boss never liked me and now I think I not like it either. I be hard to know for sure
QCA cut %?
Anyone heard anything about QCA cut %?
Qualcomm will supply Apple 5G modem for next 3 years
I think this can save some jobs from the upcoming layoff: https://www.bloomberg.com/news/articles/2023-09-11/apple-aapl-renews-qualcomm-qcom-deal-in-sign-its-own-modem-chip-isn-t-ready?embedded-checkout=true
Massacre at Core BSP
Minimum of 35% to be cut from core bsp. Expect SD teams with sister teams in low cost locations to be completely eliminated.
No layoffs in camera hw/sw
Heard from a connected friend that camera HW/SW will not be affected by layoffs.
CAD and DV team should have massive layoffs
Why do we need so many CAD and DV? CAD never do anything. They alway refuse to fix bugs or improve anything,then why on earth we need them in the first place, Qualcomm’s CAD team is easiest department. DV is useless and way over employed, so many... — read more
Need to realign DVC's (IT) VP and Sr. Dirs roles to optimize business not layoff within the org.
Much of the cost can be avoided by just realigning VP and Sr. Dirs in DVC. They are doing the similar job what DVC directors are doing, directors can replace them easily. They seems to be just collecting status rather helping business strategically... — read more
WFH jobs asking to be off shored
If you think you can do your job effectively WFH, then you have just proved that is can be done remotely. As a bean counter it makes no sense to pay high cost labor when you can get it cheaper elsewhere. Granted very specialized skills are harder to... — read more
Huge lay off in IT
Already lean, more cut in IT means, more work for leftover people.
1 month to go! Ramp up networking.
Reach out to friends and colleagues, and don’t be shy about asking for introductions. Make sure you’ve identified local or national professional groups that can help you to meet colleagues in your industry. Make sure your cell phone, e-mail and... — read more
Preferential packages
There is fraud going on in putting together severance packages. VPs and senior directors have discretion in signing off on preferred packages. Unless severance information is made public, the fraud will continue.
Why did we spend so much on M&A?
Why did we waste our money on so many acquisitions?