Just heard from a reliable source in Qualcomm that layoffs are coming company wide. Affected employees will be notified in October.
Its communicated companywide and also mentioned in earnings call.
15% layoffs mostly in India & China, almost no appraisal, no bonus for Qualcomm engineers this year... most of us starting code practice for switching.
Why do they layoff people from low cost centre?
Agree that makes zero sense. When trying to cut costs you shift from high cost geo to low cost. Companies often downsize in US while simultaneously hiring overseas.
OMG…Devastating…i got an offer for san Diego location and my joining is in 1 month. Should i be worried?
I would be concerned if I were you. If you decide to join, don't give notice until you join the company for a week or two (if you search in blind, you can find horror stories about rescinded offers days before joining date). You can also try to renegotiate your offer to increase your sign on bonus, at least if you get layed off, you will keep it.
I am already serving notice period in current company.🥺🥺
Noticed people working at QCA updated their LinkedIn. Is there something going on there already?
What? people are already informed? I thought it’s October. Any impact on new joiners to qualcomm?
I don't think so. Just a bit strange people all updated their LinkedIn, and there are like 2 months before notification goes out
Will tools and development team get impacted badly?
Yes
Management is not stupid. They told us early because they know the effect and decided it was the right approach. In other words, they know they are scaring people and some people will start looking and jump ship. They decided that is desirable. They don't need to fire as many people. They won't look as bad in the press. They don't need to pay severance (they even mentioned that they won't pay severance). The second the news was announced many QCers started looking. That was the desired effect. You have start applying to other companies asap as well since other companies will become flooded with applications and you won't stand a chance. Apple, Google, Intel, netflix, Amazon, meta, tesla are probably already flooded with applications so it may already be too late. You have to be first out of the gate in these situations.
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