Layoffs are going to happen every quarter but not all groups will be affected every round. Pl. post what you hear. When’s the next round and which group? Not sure why we are seeing this slow motion train wreck. Desperate measure to increase... — read more
Just Remember, The Strategy is Flawed
Qualcomm losing market share in phone as Apple gains. Expect an abrupt drop in revenue as Maverick get their own modem. And it will be YEARS before autonomous driving and Q gets any substantial rev from automotive. Nuvia is doomed, competing against... — read more
Ask tough questions in the upcoming meeting
This is our only opportunity to interact directly with the executive team. No lobbing softballs at them. We need curveballs and 100 mph fast ba--s.
The Outlook For Qualcomm Is Grim
Basically this company is a one trick pony. With Apple share increasing and the Smartphone market saturating, Qualcomm is doomed to bleed out. Don't buy into the CA & JT BS about automotive and Nuvia. Once the market recovers or you have an... — read more
Apple announces multibillion-dollar deal with Broadcom
What does it mean? https://www.cnbc.com/2023/05/23/apple-announces-multibillion-dollar-deal-with-broadcom-for-us-made-chips.html
How much RSU senior engineer
How much RSU senior engineers get? Let’s compare our grants. Mine 40k per year.
Second round of layoffs on July 19
Heard that list was almost ready two weeks ago, but delayed. Some changes to current list possible + or - 0.1%
Since 2020 when pandemic started, my team is getting cuts every year
Why Q is not transparent enough? CA says 5% reduction this year but my team had reductions since 2020. Executives are getting paid handsomely. JT sold millions worth shares few days back. When management fails to execute vision, when there is... — read more
Sharing my experience after leaving Qualcomm
I voluntarily left Qualcomm because my boss made it very clear that he does not like me. So before he let me go, I have decided to leave. I went through lots of interviews before and after leaving Qualcomm to find a position in another company. At... — read more
Can Qualcomm workers really be this d-mb?
do people really think chips is Qualcomm money maker? do people really think the sale of modems is what makes Qualcomm money? do people not realize that QTL makes all the money for Qualcomm do people not realize that Qualcomm only exist... — read more
Apple’s major breakthrough in modem to be announced soon
5000 Apple employees are working on that project, major breakthrough coming soon, qcom will lose the Apple business. Stock to hit 45. Mass lay off expected with qcom
US Colleges Are Developing the New Semiconductor Worker
https://spectrum.ieee.org/chips-act-workforce-development
What's the future for Q if apple succeed in modem what are your thoughts on what management has to do
If apple succeeds in modem then what's the future for Q? Clearly Q share in mobile chips was declining what are your thoughts on how to solve this and what management does
What can the CEO do?
Since our cash cow which is mobile is under threat,What he is doing makes sense, otherwise how he is going to pay everyone and keep the stock without further tanking? With the macro economy falling, Sample threat of litigation looming in 2025... — read more
New joinees are incompetent and low quality
Quality of engineers have gone bad in recent years. Not only new joinees but experienced engineers are also not good. I found few of them take things granted and wouldn't take tasks seriously. Also Qualcomm seems to have lowered the promotion bar.
Qualcomm definitely got hit with many layoffs yesterday, May 17
I don't know the total numbers, but my colleague of 10 years (who's been with the company for 25+ years) was given notice yesterday. I am waiting to hear of others. Rumor is they are targeting long-time employees to get the biggest reductions in... — read more
is it true all remote got axed yesterday
end of remote working everything is back to pre pandemic No remote coasting anymore CA wants you work harder
Don't get complacent
Layoffs are far from over.
Qualcomm files no WARN act
Everyone is lying about layoffs yesterday. Qualcomm has no WARN files https://data.tcpalm.com/see-which-companies-announced-mass-layoffs-closings/?query=Qualcomm We have some real trolls on here
Qualcomm is one of the best companies
I do not work at Qualcomm however planning to join and started applying. I believe in the future of this company
Don't think there were any layoffs yesterday, not seeing any one reporting it.
I am not sure if anything layoffs have occurred, not heard anything or anyone at work, I am a fully remote employee not sure what's happening on campus. Is there a credible source??
It’s s good time to look for a new job
I'm trying not to think about when exactly the axe will fall again, I'm already committed to looking for new options... I hope you are too? That should help reduce anxiety, but beware because there is huge competition on the job market.
Cuts
As far as I can tell, there were no cuts today so far. Does that mean we are done with this round?
Dead without Apple
Apple contributes almost half of total Qualcomm licensing revenues, 49% Apple contributes 16% of total Qualcomm chip revenues Courtesy https://twitter.com/SamirKhazaka/status/1658922013283561472
Are you serious 51,000 Employees ?
I think 3 years ago it was 25000, so basically CA hired 25K folks for nothing. And Hock Tan said, he can run this company with 10000 employees.
Did QCA SJO get affected?
Worked at QCA SJO for 7 years till about 5 years ago. Have reached out to folks I know. They have not responded. Work for a company now that heavily uses QCA solutions including the WCN785X and possibly QCC517X as well
Will hardware companies follow same as these software company ?
https://nypost.com/2023/05/16/google-meta-amazon-hire-low-paid-foreign-workers-after-us-layoffs-report/
not many layoff
i don't see many impacted. at most 5% as reported before
Good bye and good luck
Got the Axe today in NJ after 10 years in Qualcomm. Teams in NJ, Boulder and SD were affected. But no impact to India team. Eventually everything will be run from India while the leadership here enjoy the perks while cutting folks in NA. Most of the... — read more
Over and out
I am out. Notified this morning. SD. Last day 24th, in payroll until July 15 to meet WARN. Long term everything is being moved slowly to India. That's where the company's future lies. Everyone working with teams in India, beware, your time will... — read more
Bring Vivek Ramaswamy or Murthy as CEO to end affirmative action in Qualcomm
Or he's better off doing that for whole America. If Murthy was here instead of CA, it would have been a completely different. Broadcom would not have tried hostile-takeover, that was the downfall and loss of trust by street for QCOM Apple... — read more
Why layoffs
Hearing until 30% cut QCOM will evaluate the reduction until stock goes to 250$
Did the Modem FW and System team affected?
I remembered FW and System are very important and were get affected before. We want those talented people for 6G.
Impacted people weee notified today by 12.30pm
Will continue next week on IT side only
How much RSU
How much a senior engineer in software with good performance on average gets RSU? Also, how much bonuses annually? Asking to evaluate an offer with Qualcomm.