The threat of layoff is taking a toll on me. Will there be layoffs in July? Does anyone know the scope of it? News article reporting 4 digits layoffs circulating online since May.
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I believe the July layoffs have already been notified.
Fireworks (turned out to be damp squibs) happened in May. July is just the warn notice taking effect 60 days from layoff notice.
Fireworks won't be the only thing blowin up in July.
In addition to @eox post, it also means h1b status is valid for approx 4 months in CA following layoff date. Mid-May layoff notice + 60 day WARN = mid July (employment end date to external world). This is followed by regular 60 day grace period for h1b. So, it's 4 months of job search and status validity in CA. And even more months if you consider the advance warning (5% opex reduction) in earning call in previous quarter.
@1cva are you a status collector and haven't received their status?
We heard from vp level that layoff is done for this fiscal year... But fiscal year end September I think. This vp expects another round of cuts in fiscal 24, but didn't have any specific information... Could be before end of calendar year, or next calendar year.
I know some Q guys in IC design, CE and procurement. Their names are still in the directory, but they haven't been working regularly since mid May. Something is going on under the hood.
More layoffs coming for sure don't know when exactly
Good people I know have been let go
Paper pushers were able to keep their jobs
Qualcomm is not just QCT. There are many other businesses at Qualcomm that do not make money and are more experimental. Although QCT and QTL are the only money makers so when layoffs occur in these core businesses it sends a shock to the business
Does Qaulcomm have factory? I thought they are fabless. What is 40K employees do for one 5G CHIP?
This years bonus will be getting a pink slip for Christmas 🎅
September confirmed , get ready to pack your bags .
Don’t show your loyalty to this company it’s rotten to the core .
https://www.sandiegouniontribune.com/business/story/2023-06-20/qualcomm-cuts-415-jobs-at-san-diego-headquarters-amid-lingering-smartphone-slump
What about new fiscal year starting in fall? Any news about it?
The July layoff numbers correspomd to the warn notice for the May layoffs. Those affected were notified in May. Pay check received till mid July. To the external world layoff date for May layoffs is Mid July.
Layoffs are done for this fiscal year.
Yes roughly 400 people will be cut, look at every news article for mid July layoffs at Qualcomm