Qualcomm

Qualcomm is a very stable company, so there's no fear if the company will survive. The insurance policy is great for employees with families. Corporate identity is strong, and there are quarterly team-building events.

Performance reviews are twice a year, but might not yield more increment than companies with yearly reviews.

Work life balance is bad, and I have feedback about this to my supervisor, only to be told that "that's the way it is". The twice-yearly performance review system is a farce, the increments are more like yearly increment being spread out twice, and the increments are never worth the hours that we put in. Increment amounts are also dubious, and can differ > 5% between employees with same work function. The general focus is not on the engineering work, but on creating "visibility" for yourself, which seems to be the top "unwritten" agenda; if you've done good work and you don't sell/promote to your supervisors, its your own fault because its not their job to know and recognize what you've done. Some managers seems to be more concerned about VIP visits and RC activities than the real engineering work. Way too many meetings.

Re-vamp the current counterproductive and pretentious culture. Managers, start managing and stop worrying about creating visibility. Stop squeezing employees and throwing their well-being down the drain. If you want to maximize your profits, stop hiring fresh graduates with master's degrees and first-class honors. For the kind of work that is offered, you do not need people with stellar results. This is the crossroads where either the company moves on to greatness or plunges into the pits.