When did we go from being a company everybody wanted to work for to a company anybody with any aspirations is doing their hardest to either run away from or avoid completely?
5 replies (most recent on top)
Cupcakes.
The turn happened when Steve Mollencough became CEO.
Used to be college recruiting booths were packed with engineering grads wanting in. Nowadays there are no lines at Qualcomms campus recruiting booth.
It has been a long stretch of sh—ty days, but you can feel the difference as of yesterday. A weight is lifted. Journey is still long. But feels like we finally snapped the losing streak and have a renewed sense of purpose to try and fix the cracks rather than abandon ship. Let’s roll
Qualcomm became an undesirable workplace when its stock underperformed other more popular companies.
Qualcomm was just not a popular stock to hold among the wall street crowd.
As stock is a large part of compensation within the tech industry the companies with better performing stock became more attractive. Employees felt they were not being compensated well for their work.
With QC stock on a tear, this should make current employees happy and also attract others in the hopes of further gains. A new invigorated workforce produces more innovation which creates a self propelling cycle.