Do we have an inkling on what criteria will be used to determine who gets let go of? I'm hoping it will not be as before, when we lost some of our best people with most experience while a few completely useless (and I am being generous by only using... — read more
Layoffs are a farcical rumor
Get back to work and restore the honor and glory of Qualcomm
70 rrules
70 rules has got me. Is this just qcom or pretty much industry common? if i knew, I would get out already.
Severance package
Minimum 3 weeks, one week per every year served, not exceeding 6 months. Financial condition deteriorating after nxp deal with increased share price. This is new Qualcomm way. Bear with them.
Lay off in 3 stages starting in April/May
Expected about 4200 employees get lay off notices over 12 months time. First lay off to start in April/May
What is the package this time ?
Please share the package offered this time. As I see more to come in the near future, want to be better prepared in general before getting any news.
If layoff is true, any reason why there is no public release of layoff announcement ?
I observed that the numbers are of the order ~ 30%, 4000+ etc. etc. Given the large number, why there is not public announcement OR is the number less than 10% ? OR does QC thinks that after NXP merger, 4000+ will be less than 10% OR 30% of quacomm... — read more
How is camera team doing now?
The previous Post sounds super bad
all is gone
I got the pkg today. i wanted to get it. but i still feel weird.
How many of you are trying to volunteer for the lay-off
I don’t think there was any data presented on what percentage of those laid-off in 2015 actually wanted to be laid-off to walk with a package, but I knew of several who did just that. Come on, admit it, who here WANTS to be laid-off? I’ll start with... — read more
Jump off this sinking boat asap
If you are a young engineer, raise your head and look at the changing tech industry. Don’t bury your head in the lab bench as an ostrich. Your losers treat you like a slave and want you become as silly as them. There is no future in this fuxking... — read more
Dear QC management, please layoff all Qualcomm employees
I want to leave with my package and work in peace somewhere else.
More QC layoff numbers
Just to analyse this further as we are just looking at numbers without any details ; What is the duplication between NXP/QC ( areas + numbers). Even without NXP, QC had to save minimum 1bil. i.e ~ 4000. With NXP it should be larger. This is the... — read more
More rumors
lots of layoffs. CA's brother safe!
Some rumors
SD offices are being shut down and moved to netherland. NXP current CEO is taking over Steve M. SD Qualcomm stadium becomes Big Ed’s Tires stadium
Feedback - Which departments and groups are highly political and toxic ?
I read this all over this board and curious. List here and see if we can make the voice count!
My colleague got gtfo package
Yesterday my team mate got a gtfo package. 2 months to pack up. It has begun.
If you are Principal make plans for retirement
No one will hire Principals from QCT with no technical background. Companies in SD know very well how you get to principal......so don’t bother. All other hard working engineers are welcome to look around, please check: Illumina, ViaSat, Dexcom, GA... — read more
Broadcom lowered their offer to $79
They just lowered their best and final offer. If they can lower, they can also up the offer to $90. Fair game.
Anybody knows what 70 rule is?
Heard it mentioned in regards to layoffs, but can't figure out what it refers to.
Broadcom’s Take Over Strategy
Let me see you do the booty hop (HOP) and now make the booty STOP Now drop and do the booty wop (ooooooh) The way you shakin your reals, will appeal is makin, OF A WHOLE LOT OF BILL
List of affected team by merge with NXP
Here are the groups affected by Merge with NXP: PTE 65% Analog Design 20% Customer Engineering 35% Operations 45% QCT Quality 50% Sales 32% Marketing 30% MST 50 % Packaging 30 % FA 50 % More info to come.....
brcm will drop
brcm will drop the deal if nxp deal goes through. They say they will decide by end of this week
Breaking Down Numbers
Savings target: $1B - that's around 4,000 employees to be laid off (calculating with with overhead). Low-cost regions will logically pick up more work so the majority has to be in SD. It's not enough to change travel policies (which might save $8 to... — read more
Markham
Full load of directors, Wonder what will happen to them
New Jersey
Wonder what would happen to New Jersey. Not looking good
will there be any layoff in QCA
or the layoff in SD only
2/20/2018 - On the Record - Christiano Amon, President: Qualcomm layoffs are coming, it's a matter of weeks, not months
For all of you folks who missed the memo, CA was explicit and we should acknowledge this: layoffs are coming. Based on what he communicated, things are about to unravel quickly and it will be a short sharp shock for the org. If you've been with... — read more
You know the management has to face the music (at some point)
Coming out of CA's meeting today I felt anger. I also felt relieved as it felt that layoffs will be happening within weeks and not many months (like they did before) - the agony shell be short. But, the question to be asked is one about the... — read more
Stirring old memories: why did Andy leave?
Irwin was grooming PJ to take over, Andy (AV) didn't agree with Irwin, they had a fallout and AV ended up leaving. That was a truly sad loss for Q.
Christiano’s Meeting today
Boy that wasn’t one slanderous Q&A session today. So which business units are getting hit ? Matter of weeks and not months he said.
Qualcomm “consistently dragged its feet” while engaging with Broadcom!
Investors - wake up. Change the board. You are being played (says Bloomberg): https://www.bloomberg.com/news/articles/2018-02-20/glass-lewis-urges-qualcomm-holders-to-elect-broadcom-board-slate
WIth NXP acquisition on my mind...
Stress... What worries me is that when the NXP merger was announced, all the analysts went like: "Oh yeah, that makes so much sense! This secures QCOM‘s future!“ Now what does it mean when the merger falls through? P erhaps it secures our jobs in the... — read more
https://twitter.com/TheLayoff/status/966037960851447809
https://twitter.com/TheLayoff/status/966037960851447809
Insurance
Does anyone know how the insurance is going to be changed? Will it carry premium payment individually? They will get rid of UHC?