Intel Santa Clara HQ is a dead office. 5% managers, 10% old rest and vesters, 80% H-1Bs, and 5% new college grads for old managers to grope. Site closures throughout the world have been happening in the past few months, but not India. Just rename it to Indel.
Qualcomm has been in major-layoff mode for 5 years. Stock is dead in the water. I left 5y ago and EVERY SINGLE employee who built that company, 1995-2010, is completely GONE! The good ones went to Apple, Google, or Retired, etc. Qualcomm will never be great again, the managers there are way too greedy...
HW engineers are not the ones pushing up the prices since their TC is low compared to SWEs. Housing prices going down will only happen if FANG collapses and Chinese investors give up on the SF Bay as a place to stash their cash.
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