Taro Logo

Company in decline, still much potential to turn around

Principal Engineer/Manager
Current Employee
Has worked at Qualcomm for 20 years
May 15, 2016
San Diego, California
3.0
Neutral OutlookDoesn't Approve of CEO
Pros

Plenty of great talent and sharp engineers. Latest and greatest technologies to work on. Decent compensation package (declining). No significant alternatives in San Diego.

Cons

Executive management doesn't seem to get the gravity of the situation, or it is doing a very poor job communicating to employees. For example, why are they always trumping up great results and roadmaps, but our stock is down 50% and financial results continue to reduce every quarter?

It seems like the company is run by bean-counters instead of engineers. Instead of focusing on innovation and R&D, meaningless cost-cutting measures reduce employee morale.

Salaries frozen for more than a year, no bonuses, and health benefits reduced.

Many sharp folks are leaving the company; the rest are thinking about it.

Advice to Management
  1. Focus on engineering innovation and invest heavily in good employees to curb the high attrition rate.

  2. Clarify expectations on the recovery plan, including financial targets to get back to pre-2014 levels and $80+ stock.

Was this helpful?

Qualcomm Interview Experiences