Why do we need so many CAD and DV? CAD never do anything. They alway refuse to fix bugs or improve anything,then why on earth we need them in the first place, Qualcomm’s CAD team is easiest department. DV is useless and way over employed, so many... — read more
Need to realign DVC's (IT) VP and Sr. Dirs roles to optimize business not layoff within the org.
Much of the cost can be avoided by just realigning VP and Sr. Dirs in DVC. They are doing the similar job what DVC directors are doing, directors can replace them easily. They seems to be just collecting status rather helping business strategically... — read more
WFH jobs asking to be off shored
If you think you can do your job effectively WFH, then you have just proved that is can be done remotely. As a bean counter it makes no sense to pay high cost labor when you can get it cheaper elsewhere. Granted very specialized skills are harder to... — read more
Huge lay off in IT
Already lean, more cut in IT means, more work for leftover people.
1 month to go! Ramp up networking.
Reach out to friends and colleagues, and don’t be shy about asking for introductions. Make sure you’ve identified local or national professional groups that can help you to meet colleagues in your industry. Make sure your cell phone, e-mail and... — read more
Preferential packages
There is fraud going on in putting together severance packages. VPs and senior directors have discretion in signing off on preferred packages. Unless severance information is made public, the fraud will continue.
Why did we spend so much on M&A?
Why did we waste our money on so many acquisitions?
QCOM downgraded to sell - not a good sign
https://seekingalpha.com/article/4633938-qualcomm-downgrading-to-sell-higher-risk-profile-into-2024 Hope there is a hope for hope...
I don’t know what to do now
Today my manager had a meeting with me and told me I was going to be laid off… it’s very sad to hear that since I have worked for 6 years at Qualcomm. I loved working here and love the people I work with.. I still have mortgage and honestly don’t... — read more
Made 1Million$ In RSU's During My Time
I asked to go remote after covid not wanting to return to the office, when I can do the same job at home no difference. But because of my age and wanting to go remote they gave me approximately $150k package. Made me very happy I was going to... — read more
How about Automotive employees?
Do y'all think automotive (which I think is doing pretty well) is going to be affected by the layoffs?
when will the layoff be announced?
anxious day after day
All stars seems to align against Q
Loosing Apple Loosing Huawei Competition from Huawei Completion from Mtk Competition from Samsung Automotive revenues: dust - Nvidia+Mtk It's clear massive incoming multi-rounds layoffs
Don't go to Apple
Apple SD is filled with the all the same toxic people from Qualcomm and Broadcomm. Going to Apple will be like going back to Qualcomm, but with more work. At Apple, Job stability and stock price trajectory is questionable at best over the next 2... — read more
It's the End
Look for the nearest exit and 🏃♀️
https://www.cnbc.com/2023/09/06/qualcomm-ceo-ai-may-breathe-new-life-into-smartphones.html
CA trying to fool investors again with his AI rant.
SD employees refusing RTO
Legally, SD employees not going into office at least 3 fdays a week may be fired "with cause" .... Aka reduced or no package. Good luck.
https://wccftech.com/qualcomm-2024-losses-in-billions-thanks-to-huawei-kirin-9000s/amp/
Worse comes to worst
Ghosted after accepting an offer
Has this happen to anybody else?
Don’t come to Apple
I work for Apple. I request qcomers not to come to Apple for work. We work hard, we never do politics, no corruption here, we never work as realtors, we never play tennis during office hours, we work hard almost 10 hours a day, sometimes14 hours. We... — read more
IT Losing Leadership
Was told not to plan on getting anything from IT for a while because Sr Directors and above are being shown the door.
European CE team in UK and Germany
I'm hearing the CE team in UK and Germany would be significantly impacted as the work would move to QIPL. Any idea if the 40% reduction rumour is heard in your circles as well?
Analyzing the Current Situation Through a Macroeconomic Lens
Just wanted to share my thoughts on current market situation. I think CA is pretty optimistic and he might be waiting for FOMC meeting on 20 Sept. A rate cut could turn things around for US companies - All the negative sentiments about qc will... — read more
A good video on qualcomm
Qualcomm focuses on AI and auto as Nvidia takes over as world’s biggest fabless chip company: https://www.cnbc.com/video/2023/09/05/qualcomm230905tarasovsf.html
when everybody’s going to buy their glasses
Amon said : It’s hard to time it when everybody’s going to buy their glasses, but we know that that’s going to be the next computing platform for sure.” Yeah right. Everyone is going to buy their glasses.
Apple is also considering lay offs
In January 5%
Layoffs will never fully stop
Whether you stay at Qualcomm or move on, you will not escape layoffs. All you can do is make sure your skill set is not completely obsolete so you can still be competitive in the job market. That's it. Job security is a thing of the past. No matter... — read more
any known layoffs date and are CAD teams getting affected
we were told layoffs will be there in october. Any known date after which we get to know who are affected or if we are safe. Clearly managers do not have any data on this. Its only higher ups who knows something. Also any info if CAD teams going to... — read more
No Layoffs
I looked up into the sky and saw a cloud ⛅️. The cloud spoke to me and told me no layoffs. But the cloud 🌧️ did say a ton of us would be fired!
Most remote folks included in Oct layoffs
My manager let it slip that most remote folks were on the chopping block for October layoffs. It is possible I misinterpreted what he said. Have you folks heard anything about remote folks.
if huawei's own chip effort is successful, it will mean more pressure for Qualcomm
then more layoff is coming
Staffing Dept Lay Offs?
With all the layoffs pass, present and future, why hasn’t the majority of Human Resources Staffing Dept been laid off? Makes no sense to me.
Lay offs shocking news
We are thinking about 20% lay offs now, but I heard some shocking news, layoffs going to be much higher. First layoffs followed second lay off quickly, combined 35% lay offs. This is unconfirmed, but seems to be authentic.
to buy or not to buy
I am depending on QC bonus and RSUs to finance a rental property in the inland area. Do you guys think it is going to a risky proposition over the next couple of years ?