The layoffs we’ve been having have proven that when it comes to cost cutting, Qualcomm leadership couldn’t care less about what we do or how hard we work. If the numbers fit, you’ll be put on the list. At least that’s the impression I got. Does... — read more
Qualcomm doesn’t learn
That’s the problem with QC. It repara its mistakes. Another lawsuit brewing, women engineers continue without promotion! It’s coming again.
Shareholder Class Action vs. 🍎
Given they caused significant shareholder loss through deceptive negotiation tactics that included strageties to drive QC shareholder loss and abandonment pressure. Shouldnt we have a case active soon? Im just waiting to sign on. Not sure how its... — read more
Eng Salary Compare SAN to Boulder ...
well what do you know. Turns out Boulder isn't doing so bad after all. In fact, they are doing better than us in SAN. Especially when cost of living factored in. Check out Thursday business section in union tribune. Just one more reason to not want... — read more
Glass artifact for 15 and 20 year anniversary
Never took them out of the box, the 15 year anniversary artifact (2009) looked very dangerous with a sharp point (I was concerned about accidental injuries). Or may be that was HR's attempt to get rid of old timers without severance 😀
MAV given 5G baseband source code??? Is this true???
https://www.cnbc.com/2019/06/17/apple-will-release-two-iphones-with-5g-in-2020-top-analyst-says.html "... Apple is building its own 5G chip that will be ready for later iPhones in 2022 or 2023 and that “the content of Apple and Qualcomm’s previous... — read more
[Paywall] Apple Discusses Acquisition of Intel’s German Modem Unit
https://www.theinformation.com/articles/apple-discusses-acquisition-of-intels-german-modem-unit Has anyone access to the full article ?
cannot trust mgmt anymore.
mgmt knew ftc was going to go against qcom.. they took their bonuses as soon as apple was resolved. we can't trust this greedy / cunning mgmt anymore.. why wait. look at MSFT , it's at 1 Trillion market cap.. they must be thanking their stars they... — read more
Cost cutting measures
Will be implemented next year reduced bonus, elimination of RSU, 15% lay off, no business class travel for below VP level.
Change in compensation structure and higher salaries
Hello All I have been hearing from some senior folks at Qualcomm that some kind of compensation change is on the way. They would be increasing the compensation to match the market pay and that way they can stop attrition. Has anyone else heard this?... — read more
BCG
Heard BCG will be back to QCOM in July. What’s that mean? Restructure?
When can we expect a restructure doe to the rule on our business practices?
I know changes are constantly happening , but I mean a big organized restructure do to the negative rule on our business practices. If the business practices are going to be changed, which is obligatory, then there is bound to be a significant change... — read more
If you are 40+, start looking.
Very difficult to find another job for Qcom employees not just in San Diego, anywhere in USA
Lay off plans
Management considering huge lay off if apex court fail to turned down Mr Koh order. It may happen some time early next year. Management is realizing royalty issue is major blow to company profitability.
Shaking down customers.
https://arstechnica.com/tech-policy/2019/05/how-qualcomm-shook-down-the-cell-phone-industry-for-almost-20-years/
It’s too late for you.
If you have these companies on your resume, you’re going to have to answer some awkward interview questions in the future. It gets worse the longer you stay: 1) Bernard L. Madoff Investment Securities, LLC 2) Enron Corporation 3) Arthur Andersen LLP... — read more
Rookie Question
I wish to cut short the time I spend at work and spend more time with family and on my own well being. I am competent enough to be able to finish the assigned work without sacrificing quality in about 80% of the time. My question: Do simple slip out... — read more
What other stocks will benefit if qcom is forced to change business model?
Noticed that intc is still down. Would it make sense for them to get back into the game now? What other companies would benefit?
Huawei’s Game
Huawei’s Yearslong Rise Is Littered With Accusations of Theft and Dubious Ethics... Huawei’s heady expansion was in microcosm the allure of China’s massive market—irresistible to many companies around the world, including American tech majors that... — read more
How different is it?
How much has job seeking process changed in the past several decades?
What % of Qualcom is dependent on China?
Anyone? Damage estimate?
FTC
Very bad for Qcom, Qcom shares and employees. At least 50% to lose jobs. Very bad time for Qcom ahead.
Leave or wait for layoffs...
I had already made the decision to leave, started sending out resumes, and then the FTC thing happens. Now I'm wondering if it would be smarter to just wait it out and possibly walk away with a severance. So I'm back at the start, trying to make the... — read more
Can Q change its business practices?
Is that even a possibility? And if it what’s going to be the price? How long is that process going to take and on how much change in the employee structure can we count on as a result of that process? What is the way Q does business even gonna look... — read more
So, What is the next step?
Ady idea what the leadership is planning on doing next,after this whole thing with the FTC turned out the way it did. What could be the next step and are mass layoffs on the table at this point?
HR very busy
HR continuing to delete threads. They don't want us to discuss working conditions or comparing those at QC to other companies. Why not? That seems pretty relevant to people who are looking for a new gig after being RIF'd. I wonder if they have to pay... — read more
SEEN worse foes
1st Anti trust regulators all over the world Then octane hostile bid Then Dutch failure Then Biggest rip off company litigating q Share price rocketing to 90$ Q overcame bigger obstacles then Ftc goons FTC stands no chance against qcoms
Stock falling fast to $40
Don’t tell me I told you so.. From finance guy who told you all about bonus mismanagement... taking into fines and cost of legal ... looking onerous.. sell fast when you can make profit still... hope this is enough hint to all hardworking guys n... — read more
Qualcomm is going to be fine.
The company is still in a better position than it was a couple months ago, there is zero chance of a 50% layoff considering all the attrition that's been happening. If you're really that concerned then just leave, the market is hot and there are jobs... — read more
Nothing will happen for the time being
This will hit us, no doubt, but let’s not exaggerate. Q will try to appeal this in any way they can and the judicial system is slow.We know nothing yet,so let’s not panic. This can eventually go the other way
The judge always sides with Apple.
Just google the work visa case with Apple. The judge threw the case out. Same judge! Ps: show some spine "thelayoff.com"
Koh’s 232 page ruling transcript
excoriates execs current and former. calls em out as liars based on oral statements compared to emails and hand written notes. one takeaway is mav agreement becomes null and void. implies intel dropped 5G due to monopolistic qcom behavior. this stock... — read more
So will other smartphone makers lower their prices ?
Now that the judge has ruled it is illegal ?
Return Bonus SM
SM and his team got awarded too soon. Give bonus back... you cannot keep saying... “All success are because of management team and all failures are because of engineering..”
FTC Rules Qualcomm Violated Anti-Trust Laws!
The Federal Trade Commission Ruling that Qualcomm engaged in Anti-Competitive Behavior Is Devastating! Qualcomm Stock has dropped 8 points so far today!