Will be implemented next year reduced bonus, elimination of RSU, 15% lay off, no business class travel for below VP level.
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The RSU pool and the bonus pool for those who have left and/or were laid off went to execs, one of which who is currently tanking the Intel stock. In the name of innovation, “Why Wait”.
For those sleeping ducks who are resting and vesting.. Time to fire you..
It's going to happen sooner than you think.. Don't count on your retirement from qcom.. Plan will be unleashed in 3Q.
Just leave already. Engineering market is still strong if you have relevant skills.
BS post. Lots of teams hiring, no business class travel for <VP for a long time now.
Certainly no lay offs; in fact 'natural attrition' is the highest its ever been; lots of good folks leaving weekly for greener pastures. If I wasnt 'that close' to retiring, I'd be long gone.
BS posting, the travel change was implemented over a year ago, business class airfare only for VP and above for trips over 8 hours.
This is wrong information because layoffs not needed people are leaving so company is working on increasing the RSUs and bonuses and base