https://www.taiwannews.com.tw/en/news/4974456
6 replies (most recent on top)
It doesn’t matter it’s fake news or not. Qcom is still living in 1999 in its business model, none likes including their own employees!!!
Taiwanese VPs @ Q are the worst.
“ A post on the PTT message board indicated that the company was going to reduce headcount by 200 in October”
PTT is a random message board in Taiwan. What’s posted there has no more basis in reality than what is posted on this site. The fact that “news” sites are using a post on an internet message board as the source for legitimate sounding “news“ stories is what makes it rumors and garbage. This layoff is going to impact a lot of people. Let’s try to be as fact based as possible.
Why is it rumors? Is QC that great it’s going to be only rumor?
TAIPEI (Taiwan News) — Qualcomm Taiwan is reportedly going to lay off 200 employees in October, with a pay freeze and bonus payout cut for the remaining workers this year.
In June, the world's leading 5G modem chip and smartphone chip designer downsized its San Diego headquarters as demand for smartphones and their components has weakened worldwide. Earlier this month, the company reported fiscal 2023 third quarter revenue slumped 23% to US$8.44 billion (NT$269.16 billion), short of forecasts of US$8.5 billion, while handset chip sales declined 25%.
The chip designer's office in Taiwan will also be affected by the company's cost-cutting efforts amid the downturn, according to Economic Daily.
A post on the PTT message board indicated that the company was going to reduce headcount by 200 in October. Product engineers, test engineers, and a few senior staff engineers will be affected by the layoffs.
Meanwhile, those staying with the company will either see their bonus cut or a salary freeze this year. One source told Economic Daily that the company currently has 1,400 workers.
This is a story about internet rumors. Stop posting garbage.