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Screwing over employees

Staff Engineer
Current Employee
Has worked at Qualcomm for 4 years
April 21, 2016
1.0
Doesn't RecommendNeutral OutlookDoesn't Approve of CEO
Pros

Smart people in some teams working on very interesting projects.

Decent compensation and benefits, but going away very fast.

Flexible work schedule in some teams.

Cons

Massive cost cutting while returning billions of dollars to investors.

Reduction in medical benefits.

Bonuses and stock awards for employees have been cut.

Executives are compensated based on how much cash they return to investors in the form of dividends and share buyback programs.

Employees are fleeing the company because the management doesn't seem to care about the employees.

Big company feel. IT often gets in the way instead of solving problems. No laptop upgrades unless it's broken and can't be fixed.

Being at the bottom of the technology food chain sucks. We are fighting for scraps thrown at us by ecosystem players. We need to move up the food chain.

Advice to Management

Focus on keeping employees happy.

They are key to success.

Stop trying to just please big institutional investors.

Invest aggressively in innovative technology.

Move up the stack to the application layers quickly instead of being just another chip company.

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