Thread regarding Qualcomm Inc. layoffs

5G work is almost done, lay off to starts in Next Q

Lot of people including who got retention bonus will be affected. People think that 5G is big, yes for shareholders, not for employees, Management have to squeeze the labor force to make company profitable.

by
| 1611 views | | 3 replies (last December 10, 2018) | Reply
Post ID: @OP+WxNWUns

3 replies (most recent on top)

The bulk of 5G work is done and roll outs to the operators etc in 2019-2021.

The pipe is looking very very empty...........IoT a tiny very low margin area; QDT essentially closed down; board needs new leadership to manage the very limited future growth and coherently contract many areas.

by
| | Reply
Post ID: @1uqv+WxNWUns

Correct. I was laid off in June and lost $100,000+ in RSU.

RSU is only good as the integrity of the grantor.

by
| | Reply
Post ID: @1rpn+WxNWUns

Retention bonus is nothing but RSU. They can lay you off before vest and get nothing.

by
| | Reply
Post ID: @emi+WxNWUns

Post a reply

: