back to article Qual-gone: 1,200+ axed from Snapdragon, Centriq giant Qualcomm

Qualcomm says it is planning to eliminate more than 1,200 positions in an attempt to cut overhead costs. The Snapdragon and Centriq chip designer confirmed it had filed a mandatory Worker Adjustment and Retraining Notification (WARN) notice with the state of California, where it plans to cut more than 1,200 jobs in its …

  1. Korev Silver badge
    Thumb Down

    Put a stake in it

    We first evaluated non-headcount expense reductions, but we concluded that a workforce reduction is needed to support long-term growth and success, which will ultimately benefit all our stakeholders."

    Including the "Stakeholders" who are losing their jobs?

    1. GrumpyOldBloke

      Re: Put a stake in it

      Our stakeholders are our most important asset.

    2. Anonymous Coward
      Anonymous Coward

      Re: Put a stake in it

      "which will ultimately benefit all our stakeholders."....Including the "Stakeholders" who are losing their jobs?

      The following thoughts will be deeply unfashionable, but they are based on my experience.

      Speaking for myself, I've been through this repeated times. The uncertainty is never welcome, but looking back I don't regret being shown the door any of those times. Obviously it helps if there's a decent severance package on offer, but even so, oftentimes employees stick in a role because that's easy, rather than move on and build new skills, and being given their cards is exactly the incentive many need (and I certainly did).

  2. Trollslayer Silver badge
    Flame

    Qualcomm deserve to lose out

    They abused their patent library for years, rigging license costs for force out competitors and have been fined for it.

    If you work there start looking around as their attempts to diversify don't seem to be paying off yet.

    1. bombastic bob Silver badge
      Stop

      Re: Qualcomm deserve to lose out

      yeah, and I suppose "all corporations are evil" [even the ones that are not].

      A corporation is there to make money. And when they can't continue funding a particular project, what are they supposed to do, LOSE money? Of course, they 'cut costs'. A job is NOT an entitlement. It's an exchange of WORK for MONEY. And when there's no work, there's no money. That's just the way it is.

      In other words: The BUSINESS WORLD is _NOT_ a FORNICATING WELFARE PROGRAM! And, I'm quite HAPPY with THAT fact!!!

      Well I guess this means trying to apply for a contract position at Qualcomm will be out of the question for a while, and my friend that works there may be looking for work again.

      This could also mean "business opportunity" with a bunch of competent engineers that will be looking for employment in the very near future. Keep in mind that Qualcomm's efforts are most likely in the world of ARM+Linux and having 1000 or so experienced engineers in THIS realm may lead to something VERY interesting.

      [now, where can I find a VC willing to go with this...]

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