this headline is incorrect. 5% includes past layoffs and overall cost reductions. not a new set of layoffs
Exactly!! Op is a newbie
So you are confirming there are no new layoffs. I heard otherwise from higher-ups..
Op all the best in life with this level of understanding the written communication
5% cost reduction that could include more layoffs. In my opinion there will be layoffs.
BS romour spreading post. No real content. Has not even read the mail properly. No where its mentioned 5% more layoff. It's 5% cost reduction including past actions. Now don't ask same lame question of if there will No layoffs at all. Ofcourse there can be, but your headline and post can't be more wrong. These are not good times. Stop spreading fear it can come and bite you one day.
Ceo smartly tried to escape from questions on potential layoffs, what to make of this?
It means there will be layoffs and the decision would be taken soon.
QC is being vague about the cost cutting because they are letting each organization to decide. Layoffs will definitely happen but it alls depends on the organiation. Some will get more cost cutting on future projects, road maps and contractors. Others will do the cost cutting via layoff. Last December's layoff was only for low performers. I heard from a source that if the business does not improve in the next quarter, there will be more layoffs.
Our BU just hired 5 new employees this week, not sure how they want to do layoffs this time
Lay-off is coming based on AHM. Target low performance employees… I think employees plus 2 or more at the last 2 years performance reviews are safe. Super rumor; Qcom May offer in advance retirement bonus and on site employees are priority compared to full remote; also newest expensive employees. Let the hunger games begin!
do you guys know when they are going to lay off people? Is it next 2 weeks?
I've been watching your guys' trend to the inevitable. People are saying the last day of work is March 1st, and emails are going out already. Like I've said a million times, stop being skeptical and take information at value. Update those resumes and be prepared. Or don't.
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Please read the email carefully, 5% includes actions he took months ago, includes hiring pause, headcount reduction etc
Please read the email and tell me if it says there won’t be any new layoffs?
Does it says 5% layoffs confirmed? That’s what your post is about