Qualcomm Shanghai is exposed to massive layoffs, and employees may flow into domestic chip companies

Qualcomm Shanghai faces significant layoffs, potentially leading employees to join local chip companies

【Phoneauto News】On September 21st, it was reported that Qualcomm Shanghai is about to undergo a large-scale layoff. It is revealed that this layoff mainly targets the wireless business research and development department. The compensation standards for ordinary employees (including newly hired employees) are N+4, while the compensation standards for senior employees without fixed terms are N+7, without a cap of triple the compensation. The laid-off employees may consider turning to domestic chip companies, injecting new energy into the development of domestic chips.

The layoff at Qualcomm Shanghai this time is somewhat related to poor performance. The latest quarterly financial report data shows that Qualcomm’s revenue from mobile chip business is $5.26 billion, a year-on-year decrease of 25%, which has had a significant impact on Qualcomm’s overall revenue. In addition, affected by the epidemic and the downturn of the macro economy, companies’ income and profits have been impacted, and cost control and efficiency improvement have become inevitable choices. Therefore, many companies respond to market changes and risk challenges by optimizing organizational structure and human resource allocation.

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For companies, layoffs can achieve more reasonable resource allocation and more effective management models, thereby enhancing competitiveness and innovation. For example, Alibaba made organizational structure adjustments earlier this year and promoted more young people with potential. Similarly, the layoff at Qualcomm Shanghai this time will also help adjust the company’s overall strategy and management model, and improve operational efficiency. It is worth noting that this is not an isolated case. Recently, several internet giants including Amazon, Google’s parent company Alphabet, and Microsoft have all reported layoffs. In January alone this year, Amazon laid off 18,000 people, Alphabet laid off 12,000 people, and Microsoft laid off about 10,000 people.

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