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.
Sentiment: Strong Sell
Laze off's are in order. When they can't expand beyond 140 they need to fire and re-hire somebody that knows how to operate a computer.
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?
If you are right then why did they order 5000 layoffs? Something is really wrong with the current setup. It failed. A complete reorg is needed and a breakup sounds good. It keeps people on their toes. I've heard QCOM has a problem with 'lifer' loafers and coasters from the old day buddy buddy system. I've also heard the 'lifers' bring in new people then set them up to fail and blame them to keep their jobs. These rumors sound plausible to me as I've seen them in other organizations that have a solid wall of insiders from the olden days.
I worked at one place where the managers got the ax first. From the top down. Some fresh blood was also hired. The managers were then organized under a new divisional structure including new goals and a budget (headcount/expenses). Ownership was actively involved. Next every employee was fired and asked to re-apply for the available jobs defined in the budget. If you were re-hired it wasn't necessarily at the same wage and position. It was wild but the place was really changed for the better and immediately made money. This process is very similar to what sports team do.
Full of viruses, bugs, and other nightmares. You spend as much money protecting your system from disaster as setting it up. I was so disappointed in W8 - they tried to turn my desktop into a windows tile based Phone....I hear W10 is another POS - a mixed bag of tiles and icons...my next system will not be Windows. Its not a wonder MSFT is tanking on poor earnings....
Time to jettison all the employee losers and dead wood (15% is just getting the chain saw warmed up and much more is needed). Leave a core company consisting of patents that generate license revenue and sell everything else off. Its time to reboot!