Around 5,000 were due in a RIF. Is it over? Is another wave in planning ready to be rolled out next spring along with a complete reorganization of the management? Something needs to be done to clean this up for a possible sale. I hear Qualcomm's NFL stadium in San Diego is also falling apart and is known in inside circles as 'The Dump'.
Doomed. No support here. In a massive long term decline heading to $2. CDMA will be replaced in 5 years. Only hope now is a JANA type deal. Sell off all the various CDMA businesses and return to a core licensing company. Rebuild using cash flow and new technology.
It goes without saying Corporate HQ should have been dismembered first day of the announcement. I'm assuming a good bit of division management has been gorged along with division overhead not associated with revenue. Only essential employees should be left. Is the plan going forward to sell of the various parts and reduce down to a core company?