Bigger layoff is coming next year when the trouble in China is finally cleared. The main reason behind this layoff is to improve the bottom line, because business in China is not working out so well. Why? Qualcomm licensing practice has finally met its match. We are all part of this scam cooked up by our lawyers, in using licensing to sell chips. We were able to fend off government investigation all over the world until now. China is about to dismantle Qualcomm’s licensing scheme, and punishment is coming. Without the licensing deal, we are just another chip company, and we cannot keep 30k people working on mobile chips. No other companies in mobile business have this kind of bloated headcount.
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We are done with layoffs, China is our problem because our government is unable to influence (or pressure them) into paying royalties. I dont think we are getting even 10% of royalties that Russia should be paying, while on this topic, I dont think Venezuela, Iran, N. Korea and Cuba are paying us any royalties. So, it's really our inability to flex our political muscle that's causing problems. We should assume that CHI will not pay any royalties and move on.
QE fueled stock buybacks by so many S&P500 companies is hardly "socialist", but it is wealth redistribution.
Now let's all get out there, maximize shareholder value, and keep the tech bubble inflated! Maybe Icahn will call soon
Sorry I digress
The US is becoming more socialist by the day, and even Obummer and team will start looking into our business practices to redistribute some of that wealth we have. They have plenty of evidence given all the "bundle pricing" tactics that we have been using
We will always be able to license in countries with democratic regimes
The licensing business was a cash cow that helped fund risk taking in the chip business. Even though the chip business did well it most certainly got a lot of help from a very profitable business that kept share prices high to allow the company to attract talent and acquire technologies. If it evaporates it will be another mobile SoC business with ever shrinking margins. It will have to continue cutting costs and move development offshore to stay ahead of more hungry competitors.
"Bigger layoff is coming" must be the biggest BS I heard in a long time.
When the company was 100-1000 people you could say you were building a company. When its 30,000+ bolstered by a significant number of contractors and H1s, then you are just a cog in a larger machine. For an H1, it would be hard to take "true" ownership in anything in the company, when your ability to stay in the country depends on you being sponsored by your employer.
If all Jews and current and former h1 left Q it would crumble. Learn to appreciate the work of others. We all worked together in building this company. Now that licensing is not the cash cow it used to be, rif is a necessity.
What does race have to do with anything. QC is limited to the number of visas they get just like every other company.
Out of the 30K I would estimate at least 75% are H1/L1 from East/South Asia. We are an Asian company run by jews.