ZPA Announces: We will use this thread to provide live coverage and commentary of the 7/23/15 earnings call (1:30 PM PDT). Please keep our discussion civil, polite and focused on the earnings, layoffs and any information released during the call. Please use alternative threads to discuss other topics (especially if you have an issue with non-American workers or price of real estate in San Diego). You can access the live stream of the call here: http://investor.qualcomm.com/events.cfm?AcceptDisclaimer=Yes
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If the savings target is 300 Million, and if 25K people are left employed - let's do the math: 300,000,000/25,000=12,000 - so, on average our loss (bonus/RSU) would be around 12K per employee (I'd take that)
Think about it - if your positionis intact, but if you do not get your bonus/RSUs - would you want to work here? Think about it... That's what they are doing, they are laying people off, for the folks who are left here, they are fvcking them off
COMPANY SPLIT IS IN THE WORKS 100%: Qualcomm’s Board and management, with the assistance of outside financial advisors, are conducting a review of the Company’s corporate structure (including possible business separation alternatives), See more here: http://files.shareholder.com/downloads/QCOM/486555345x0x840493/B65DC0D3-FB49-49CB-9A18-A5ECDE4837D6/Strategic_Realignment_Plan_Presentation.pdf
Reaffirming Commitment to Significant Capital Return Program - this will mess up bonus levels (for sure) and "MAY" affected RSU distribution - the savings will be realized but it will be workers who will make this happen (through accepting less compensation overall)
Qualcomm cuts workforce by 15%; stock edges up - http://www.cnbc.com/2015/07/22/qualcomm-q3-earnings-2015.html - Qualcomm announced on Wednesday that it would cut its workforce by 15 percent for a total of $1.4 billion in cost reductions. The San Diego, California-based chipmaker also announced changes to its board and executive compensation.
SM spotted walking down the corridor in B1 (was accompanied with GD, no verbal exchange took place), 12:50 p.m.
8 Minutes - 200 views, this will not be fun guys. God bless and good luck...
my bet, 500
Please send the link to this thread to your peers - the more folks engaged the better - do not use email, what's app and text messages are the most secure
Bet - 3000 cuts announced today. I am betting one penny on this.
Bets on the number of cuts?
The call will start at 1:45 PM PDT, a lot of anxiety has been building up for weeks now, let's see how things pan out
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