$1B / 1,500 = $666,667 per employee. If average employee made less than $667k then there are MORE LAYOFFS TO COME.
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Purely un-American is how to describe Qualcomm management approach
@uky they do the care the employees. BUT QCOM is just waiting for the acqusition to end. They had already planned where to save costs. In those areas people will be kept busy until then. A lot of projects there will have non-sense work, more people than needed. Employees during this time are getting nervous due to the work climate. To relax them, they change the org regularly. They have to fire people sometimes because middle mgt get pressure from top to reduce costs. But they can't implement huge layoffs not to endanger the integrity of actual projects. HR, management try to keep employees busy everywhere. It's a waiting phase until the "judgement day" comes.
25 July is end of acquisition story. Until this time this game will run. No matter if the takeover of N successful or not, after that this game will be over and they will start to fire all these people
How scary to know the executive team doesn't care about the employees.
No Sherlock sh;tlick
We'll have to read the tea leaves during next week's earnings call...
@dqy: Well, duh, but there's little else you can do but cut people free to reduce $1B. You think selling the real estate is going to get you there on an ongoing basis?
Not trolling. When NXP acquisition implodes and the CFO genius has to pay $2B to NXP do you REALLY think your job is safe. You are a commodity just like a QCOM modem!
Obviously maths and common sense are two very different things.
I assume you’re trolling?
If not, I’ll point out the glaringly obvious fact that the 1bn was an opex reduction target and layoffs are only one way of cutting that cost.
15000 is only for california
1B$ = 4000 people...more to come