Thread regarding Qualcomm Inc. layoffs

There used to be a company called Qualcomm, and one day the son of the founder stepped down as a CEO, and handled it to a warehouse manager who

ruined it. He let the best of his engineers and managers leave the company, and rewarded the useless people, he messed up his relationship with his top customers Apple and Samsung. He had no vision; all he cared about, is his investors and his ego.

The founders, co-funders, boards of directors and investors kept watching him ruining that company until it went out of business.

My son, what's is called now touristic city of qualcomm, is named after that company, and all these hotels and resorts that you see used to be offices and labs and thousands of engineers working days and night to make cellular processors and modems...

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| 401 views | | 8 replies (last May 15, 2015) | Reply
Post ID: @OP+BsxvEpi

8 replies (most recent on top)

paul is great..SM..make a decision.. Not.

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Post ID: @3hYN+BsxvEpi

If you worked for the past 15 years at QC it depends largely on which dept. My friends at QCT didn't get squat. Us in corporate R&D however did much better in comps, and didn't need to work nearly as much as QCT folks. I guess that's why a lot of QCT folks try to transfer to R&D all the time.

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Post ID: @136i+BsxvEpi

@101133, if you been working at qualcomm for the Las 15Y+ you had been given enough stock options (thousands), RSUs and bonuses to guarantee your retirement ..... if you and you family have struck by unfortunate and unexpected events, please forgive me for making this point. .... in the other hand if you been spending your whole compensation package and are still broke I have no sympathy for you my friend.... I think the argument of worker exploitation is more applicable to people hired within the Las 5 years or so, their compensation package did not included a large quantity if stock options, not to mention the lack of growth opportunities.

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Post ID: @1hwE+BsxvEpi

Whatever happened to giving back to the engineers who stood by QC and slaved for the last 15+ years to get this company where it is? There were a lot of sacrifices made by not only engineers but their families as well. A nice fat pension would be nice!

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Post ID: @1vaE+BsxvEpi

PJ failed to recognize loyalty over career ambition, and this is the result. When someone is shopping for a better deal, he is either really looking to leave or he is bluffing. Neither one is good for a long term relationship. PJ and the board chickened out. Maybe PJ got the last laugh, as SM is in deep doodoo, technically speaking.

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Post ID: @87j+BsxvEpi

@ OP: ...And if you bring this up with HR, they will probably just recommend that YOU seek therapy!

As for the Jacobs family, they are busy competing with all of the other "big frogs" in the small political and philanthropic backwater of San Diego to care about the company, or the "little people" who work(ed) there. Gotta get naming rights to a new convention center.... HEY! Maybe we could put it on the Mesa where chip R&D used to happen!

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Post ID: @KUH+BsxvEpi

Maybe Paul knew or anticipated the upcoming issues/problems & that is why he left?

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Post ID: @J0U+BsxvEpi

Nice!!!

This is very similar to what happened to Motorola back in the 90s when they were the Analog Cell phone kings......they are still around but obviously much smaller. Lets hope QC doesnt repeat this type of History.

Hello Jacobs family!!!!! Wake up and smell the coffee!

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Post ID: @LKp+BsxvEpi

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