2550 + next round coming
8 replies (most recent on top)
Very apparent based on last earnings call that QCOM has no idea what revenue looks like in 2nd of 2023, so forced to manage bottom line through cost reductions. Tricky that fiscal year ends September so needed to have majority of cuts by now to meet targets. Execs will manage to targets as that is how they get paid! Future be da@$ed, they want their $$$s. Sorry hard worker with two kids in elementary school, I need $20 million pay off instead of only $10 million.
VSP was deployed in Feb and exits are staggered out until Q3.
I thought this was common knowledge by now.
VSP is the new Warn.
All this is fake news no layoff, if you are inside q.. just see the count in communication email..
No one will ever know how many layoffs occur at Qualcomm ever again! Qualcomm has paid off every government, newspaper, and media company in the world to never post about layoffs again…. Or maybe the California workers just smoke too much weed and started this rumor
What is the source of your news, OP?
How many was the May round?
Agree with you, Q placed all eggs in China basket. China economy is sinking so Q too.
25% gone from my team in APtech. In every layoffs, SW is the only impacting in every layoffs. Q is HW company and there is no place for SW here. Where all major companies have balance of SW and HW but Q always preferred HW, that's why other companies are growing but Q is stuck with China.