Heard from a VP at Qualcomm that layoffs are coming. They haven’t finalized how many or exactly when yet but they are coming.
ALL companies are cutting back, it's called a recalibration or aka recession. The fed reserve has been waiting for these unemployment numbers to jump.
Does it affect non core groups more ? Or more towards high cost geos ?
Not sure didn’t hear anything about what departments
Since Amazon did it, and Elon is doing it foul—the floodgates will open. No all the CEO have the excuse to just layoff worker and now even make the news cycle. Grab your butts folks—grab your butts.
There is a good chance your VP friend doesn't know anything beyond what the ceo said in the all hands. It has not reached Sr director level yet. Most likely, this is still at SVP level or above. Once it reaches VP level, news spread super fast
Yeah I think so too. I thought I got the inside scoop but didn’t know it was announced in a all hands
Should new joinees be worried?
Generally speaking, no. However, there are broader cuts expected in some departments, and those folks would be put on redeployment since it is not performance based. Folks affected by performance based layoffs will not get the redeployment option.
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Yes that much was mentioned in all hands.
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