Repayment of bonus - Qualcomm

Broadcom Ltd. / Eng
headbanger

Go to company page Broadcom Ltd. Eng

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Intel, Broadcom Ltd.
headbanger
Dec 17, 2021 17 Comments

I have accepted a new job but unfortunately I am short 6 months for satisfying Qualcomm’s retention bonus. On the last day they emailed me to pay them back the bonus. Some friends say not to pay them unless it actually goes to a collection agency. Others advise to just pay them back and get it over with.

One thing I know for sure that the taxes will get messy as I will have to refile this year’s taxes to get credit for the withholdings on the bonus.

Anyone has had experience dealing with Qualcomm regarding repayment? Will they actually go to a collection agency?

Qualcomm TC: $300K
New TC: $400K

EDIT: I’m not asking for advice whether to pay or not. I’m asking for sharing your experience if you have gone through this.

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TOP 17 Comments
  • Qualcomm / Eng
    nameisuser

    Go to company page Qualcomm Eng

    BIO
    TC: 🥜
    nameisuser
    Question, is this the sign on bonus or annual review bonus?
    Dec 17, 2021 1
    • Broadcom Ltd. / Eng
      headbanger

      Go to company page Broadcom Ltd. Eng

      PRE
      Intel, Broadcom Ltd.
      headbanger
      OP
      Retention bonus. One paid at my 1st anniversary. Second one paid at my 2nd anniversary. But it requires an additional 12 months of service after the payment. Weird! Why don’t they pay it at 36 months of service to avoid all this crap?!
      Dec 17, 2021
  • Apple
    naaNeBere

    Go to company page Apple

    naaNeBere
    If someone here were to suggest you to not pay, would you really take that advice and take chances? Just pay up and be done with it.
    Dec 17, 2021 1
  • Rapidapi
    abfcd

    Rapidapi

    abfcd
    I think you are talking about sign on and if yes just pay it and get it done
    Dec 17, 2021 2
    • Broadcom Ltd. / Eng
      headbanger

      Go to company page Broadcom Ltd. Eng

      PRE
      Intel, Broadcom Ltd.
      headbanger
      OP
      No, it’s a retention bonus. Given to you at your anniversary. Sign-on is paid up front.
      Dec 17, 2021
    • Rapidapi
      abfcd

      Rapidapi

      abfcd
      Ic I’m not sure about this but in any case if it’s in the contract to be paid back then it’s just better to do so and move on
      Dec 17, 2021
  • I got only 1 retention bonus. it should be prorated, right?
    Dec 17, 2021 0
  • Apple
    rrfbu

    Go to company page Apple

    rrfbu
    does qualcomm offer letter say u needs to pay back?
    Dec 17, 2021 3
    • Usually Qualcomm pays joining bonus. Which bonus are you referring to here?
      Dec 17, 2021
    • Broadcom Ltd. / Eng
      headbanger

      Go to company page Broadcom Ltd. Eng

      PRE
      Intel, Broadcom Ltd.
      headbanger
      OP
      Retention bonus. The offer letter clearly says retention bonus paid at 24 month of service but it’ll have to be paid back I left before 36 months. QC calls those retention bonuses.
      The sign on bonus is paid up front. And it has a 12 month requirement.
      Dec 17, 2021