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The ship has sunk

Senior Staff Engineer
Current Employee
Has worked at Qualcomm for 6 years
June 7, 2017
San Diego, California
1.0
Doesn't RecommendNegative OutlookDoesn't Approve of CEO
Pros

Good work in some groups.

Some smart engineers are still in the company.

Nice campus in San Diego.

Great weather!

5G adoption might be an upside in 2020, possibly.

Cons

Pay is not comparable to other tech companies.

Losing talent due to attrition.

Massive cost cutting.

Can't attract the best people currently as talent quality is going down.

Severely understaffed in many groups.

Cash bonuses and RSUs are practically non-existent for the last few years.

Leadership lacks vision and is risk-averse.

Horrible medical plan (previous plan was great).

Annual review cycle, reduced from twice a year, is just a cost-cutting tactic.

Advice to Management

You have lost and continue to lose talent very fast, mainly due to poor compensation and reduction in benefits/cost cutting. It might already be too late to recover.

Listen to employee feedback.

Don't be too overconfident and dismiss competitors.

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