Thread regarding Qualcomm Inc. layoffs

They Laid Off Their CPU Team So They Could Spend $1.4B on Buying Another

What a joke this management team is.

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| 3131 views | | 2 replies (last February 6, 2021) | Reply
Post ID: @OP+19e2dhki

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Has nothing to do with wall street. Qualcomm cannot attract top tier engineers and has to buy other companies that have top tier engineers. Any engineer that stays at a company that hasn’t produces a successful new product in over 15 years isn’t what the industry would Calle a top tier motivate engineer

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Post ID: @3urm+19e2dhki

Happens all the time. A company should have cash but not too much. Hedge fund managers want to see the cash is spent in "right places". Or else they start selling their shares and stock price goes down. It is unfortunate that employees may be impacted but you should blame it on WallStreet.

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Post ID: @1rfm+19e2dhki

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