Thread regarding Qualcomm Inc. layoffs

THIS THREAD HAS BEEN MOVED TO: https://www.thelayoff.com/qualcomm/post/4998704257826816

I'll move this thread to the first page - wait a bit, since the site does not allow it, I'll move it - I'll post the link

OP, I am CE SW both SW and HW were hit

"Customer Engineering folks, is this CE HW (formerly under JimR) or CE SW (formerly under Sudeepto) or both?" Personally, i am SW CE, but prolly HWCE also... the whole org was affected

"Best thread ever" Ill add this to my Resume. Best thread in layoff.com history

Customer Engineering folks, is this CE HW (formerly under JimR) or CE SW (formerly under Sudeepto) or both? Former CE, now some other place else myself. I thought CE folks would be important enough for revenue generating products reasons

What about the unvested stocks - RSUs, etc. Do they vest immediately?

5000 people saw this i less than 2hours. I guess that is amazing

Best thread ever, I am on this site since Dec 2014 cuts. Thank you all who took time to share experience - I know it is not easy and I wish you all the best.

I just got the news. Same as everyone's, 2 months and 2 weeks per year of service. I saw a paper in my Manager's hand that has a list of people under him. Mine is a new group and I hear all new groups will be severely affected. Good luck everyone.

HR told me the Severance is being sent out after the first of the year so it will be taxed next year instead of this year. HR said it was being done this way because so many had asked for it to be done this way. Myself, I would rather have the severance Nov 20th, but I would really rather have a job before Nov 20th and give up the severance. A job is better than a severance package. Yes, it will be taxed at around 45% because the Government considers it a gift.

All managers are not being laid off I guess.

I forgot to add that I was also qualified to apply unemployment benefits after Nov 20th. I can only file my claim after Nov 20th when I will be "officially" unemployed.

same here.. same package.. the severance check will be sent out as a lump sum (might be taxed as a bonus! ~45%) a few days after Nov 20th.. any unused vacation hours or whatever will also be paid out (checks in the mail).. there is one minor detail that the OP might be forgetting.. If you find a new job before Nov 20th and decide to go for the new opportunity, you will forfeit your severance payout excluding other things.. because technically you are still employed until Nov 20th.. I think i interpreted correctly when I was delivered the news.. good luck, guys.. hope that Qcom will provide more generous packages for later rounds.. or they might run out of money and you guys will get less.. anywayssss.. good luck to all.. it was a nice ride!

OP, I'm in Customer Engineering too and I was told this morning I was laid off.

Same as OP. I was ping-ed by director with the same pkg. Also they give a lump sum for health coverage for H1Bs

"Are you the only one in your group? Have they shared how big the hit to your group will be?" I'm in Customer Engineering. I have no idea if Im the only one, or impact to my group. Altho im assuming there were others affected also.

"Is the severance of 2 months starting today or NOV. HOw about insurance?" As i understand, the severance is just a lump sum that will be distributed at the end of my employment.

In my case, I was called to an empty office. The Manager spoke for 5 minutes, the HR for 10 minutes.

Similar for me, except initial contact was by phone and the director, whom i see most every day, came to my office.

Good Luck. Is the severance of 2 months starting today or NOV. HOw about insurance?

May the force be with you. Are you the only one in your group? Have they shared how big the hit to your group will be?

All the best!

Thank you OP

Thanks! I figure since our leadership and management is not giving us any information, I can at least share the details of my experience for everyone else who is still woried.

@Anonymous154914 - thank you for this post. This is the first reasonable and quality post today. We had a horrendous day and the whole board is a bit jittery. Thank you for taking time to report... Good luck...

All the best!