Thread regarding Qualcomm Inc. layoffs

A decade long layoff process

What people do not realize is that this will be a decade long process, slowly, and sometimes quickly, people will be laid off, one by one while the hedge funds and investors will continue to suck dividends and profits out of the company. We'll be getting less and less, they will be taking more and more, their folks will get rich, we will get nowhere. I have a friend who worked for MGM studios back in the day, they had a huge library with 10,000 titles, they were not producing much but they had thousands of people and they would distribute profits, and bonuses, RSUs, grants, etc. And one day Texas Pacific Private Equity came in, they bought them, they split the licensing business and the rest of the company, the killed production, sold many chunks, laid off 80% of folks over 5 years and they continued to milk licensing revenue. Then they took massive loans to fund operations, they took the money and distributed that to themselves as payout and then sold the company to Sony together with the loans, etc. Needless to say, less than 10% of employees stayed around to witness the final days of this once great company. That's what will happen to us - that's what JANA wants.

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| 485 views | | 6 replies (last July 24, 2015) | Reply
Post ID: @OP+CCzIt7l

6 replies (most recent on top)

Anonymous122425, it's interesting that people who talk about Wall St. greed are themselves stuck in places like these that dangle the RSU carrot...It's simple...people putting in money are going to want their returns one way or the other.. try starting out on your own and see if you can find someone to lend you money and what kind of demands they place..

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Post ID: @1M9W+CCzIt7l

I kind of see this happening too, it's not going to get better, I can tell you that.

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Post ID: @1Wgb+CCzIt7l

This post is a joke. Quit your whining loser. Q is a no different than any other big company and supporting wall street greed. Get over it.

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Post ID: @1UL0+CCzIt7l

Interesting post. I am not sure that the analogy applies completely but thanks for providing the insight.

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Post ID: @15Vx+CCzIt7l

You sound just like a loser. Qcom? :) Monopoly finally comes to an end. Instead of crying up here, post your house on redfin. Maybe I will give it a glance.

Loser

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Post ID: @1adU+CCzIt7l

We aint no MGM

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Post ID: @1Mij+CCzIt7l

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