Thread regarding Qualcomm Inc. layoffs

Reality

4500 Folks gone. Most likely most of them from SD & SJ. May be even more, as they want to increase the mix in low cost areas. For rest of the folks less bonus/RSU ( to save 300mil). Pretty much 2 persons out of 10 folks you know are un employed now.

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| 265 views | | 3 replies (last July 22, 2015) | Reply
Post ID: @OP+CBOmgzi

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Anonymous120894 - Contractors are not counted in the number as they are not "employees" or "FTE" or compensation costs.

Contractors are a separate expense. Therefore....the 15% headcount reduction plus reduction in contractor expenses.

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Post ID: @MX9+CBOmgzi

Rock on!

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Post ID: @7PJ+CBOmgzi

Some of this is temporary workers, contractor workers, open requisitions, and support staff.

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Post ID: @4Ix+CBOmgzi

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