Thread regarding Qualcomm Inc. layoffs

Did Paul Jacobs destroy QCOM?

Let's try to be fair to SM in this situation. I think we can all agree he is nothing short of a powerpoint presentation in human form and a shit leader, but he is not clueless. He is probably well aware, as many of us are, that QCOM is on life support and will slowly decline to obscurity. So in a sense it's very rational of him to line his pockets before the ship sinks (though he could have substituted a bit of greed for some illusion of leadership). But let's talk about the real culprit here.

With all the talk about nepotism and how it's corrupting the company, I think many of us never think about what institutionalized it in the first place: Irwin handing the reigns to his son, Paul. We follow by example, and this is where Irwin, who we should all admire and who has made many of us very, very rich, had made his tragic misstep. Not only did this cement QCOM as a monarchy rather than a meritocracy, but the empire was handed down to a Caligula.

For all of Paul's faults, one thing to his credit is his CEO-like presence. He is tall, good looking, white, and charming. With silver spoon in hand, it isn't a far stretch to assume that papa Jacobs groomed Paul to one day inherit the throne. But this was all done without the consideration of what Paul had achieved besides being the founder's progeny.

Whispers in the hall never reflected him as a man of integrity. He is rumored to be a generally uninterested, unsociable, out of touch, and cold person. His personal affairs were also afflicted by dramatic streaks. As CEO, people did his work for him and he made appearances as required. He lacked vision, and every venture Qualcomm undertook under his command has been a dismal failure. The modem has been Qualcomm's bread and butter before his reign, and it remains so well after his "resignation". The company failed to expand, the company failed to diversify. The company got complacent, and the competition is now eating our lunches. Adding insult to injury, PJ saw it upon himself to handsomely reward his efforts in reducing the company to rubble, with him and SM being some of the highest paid executives of 2015.

So how can QCOM successfully move forward under this sort of leadership? The answer is it cannot, unless Qualcomm chairmen and senior executives are disposed of, top to bottom. The likelihood of that happening is marginal, unfortunately, so it behooves one to seek other employment. Working a deadend job is one thing, but I cannot under good conscience work for a company being looted by those in command. The thought of them making another penny off the sweat of my brow makes my stomach turn.

I bid thee farewall Qualcomm, I gave you some of the best years of my life, and it crushes me to leave you in a worse spot than how I found you.

by | Post ID:
3125 views | 29 replies (last )
Comment! It's anonymous! Reply to this post anonymously by submitting the form near the bottom of the page!

29 replies (most recent on top)

leadership doesn't need to change. the market just needs to obey their sales predictions.

by | Post ID:

Paul took some bold bets on innovation. Unfortunately, they all ended up being failures for a three reasons: Paul doesn't have the ability to drive operations, and he is not a great judge of people, and finally, he really doesn't like to work hard. Still, Paul made more effort to innovate than SM can even conceive of. Which is unfortunate because SM is not only not an innovator, he is operationally-speaking a novice, and a pathological procastinator when it comes to decision making. A trifecta!

Having worked for all three at various times, there is no doubt in my mind Qualcomm is where it is because these two were too busy basking in the glory of Irwin, Steve Altman and Don Schrock created success. In hindsight, I also have to acknowledge Sanjay: despite his sometimes overbearing ways, QCT wouldn't be where it is without Sanjay extending the work Don started.

Good companies go bad because of bad leadership which is unable to change with the changing market place. Qualcomm is no different. And it may already be too late.

by | Post ID:

PJ was CEO at the time and is quoted on the press release. that's all that matters.

by | Post ID:

PJ Didn't buy flarion. Sanjay made that call.

by | Post ID:

+1 to this post. The only thing I may slightly digress is SM inherited a company that was flying high even if innovation had reduced. He was pursuaded from leaving Q which turned out as a boon to Microsoft. If he was really that smart, Mollenkorf would have redirected the boat away from the waterfalls. Instead they went on a hiring spree in 2011, got tramps as Directors and Senior Directors, burnt power without caring for customers who would eventually burn Q, built buildings to accomodate roadside growth, then immediately laid off people without taking any sacrifice on the $68m salary. He had privy to chip power issues, Chinese down swing, European monopoly suit, etc, etc well before it became public or to employees.

by | Post ID:

Great post. Direct to the point. I have been convinced with the same for a long time. I left Qualcomm, and I was not happy to do this, I believe it was one of the greatest places to work, unfortunately not anymore.

However, experiencing life outside QC is a good experience, I sincerely advise folks to leave, it is only going to get worse with fearless competition.

by | Post ID:

2adt: ...But dullness DOES have it's own circle of hell; it's the tenth. And it was so terrifying that Dante couldn't imagine it when he thought of the first nine. : )

by | Post ID:

2adt - CV = Circle of hell, funny, I thought I was the only one who thought that. Why people pine over that sterile place is beyond me.

by | Post ID:

2rsa - good story. Congrats. Great wife.

by | Post ID:

"You can get by without a million-plus-dollar house in Carmel Valley". -- I should hope so. If dullness had its own circle of hell, Carmel Valley would be it.

by | Post ID:

1een: I would not have married my wife if she wasn't the smartest person I ever met. When I received my last review--that had been downgraded despite the fact that I was essentially performing 2 jobs, I showed it to her and asked her opinion. She said: "If you would like, I'll write your resignation letter." Despite the mortgage and other expenses, I quit. With her help, and a lot of patience, I managed to find a position that was the right fit for me. If I could offer one word of advice, it would be: Know your worth. If you aren't valued where you are, resign--or at least look for something better. Don't settle for less. And to make sure you don't have to settle for less, don't live large. You can get by without a million-plus-dollar house in Carmel Valley.

by | Post ID:

Not having a strong bench was kind of by design, less threat

by | Post ID:

this post is spot on. And to further add..who rushed to make SM CEO?? PJ. Imagine a world in which SM had in fact left for MSFT...what a shit show that would have been compared to Satya Nadella. Neither PJ nor his dad invested in developing a bench of future leaders at Qualcomm or developing a culture of leadership development.

by | Post ID:

Paul Jacobs, Executive Chairman, to speak at the Sports Business Forum: "Updating the In-Venue Experience"

-- When: Thursday, Jan. 7, 2016: 9:50 – 10:30 a.m. PT

-- Where: Venetian, Level 2, Hall D

by | Post ID:

Thank you for this post

by | Post ID:

One of the few insightful comments on this site. Fair enough analysis of the situation. I came to the same conclusions as you several years ago and made the same decision as you, so you aren't alone in your thoughts.

Everyone's most valuable asset isn't your salary or stock or title, but your time on this earth. And its hard to see the logic of spending that limited (and shrinking) asset in an organization that seems so corrupt in values, so I voted with my feet as well.

Welcome to the other side, where things are brighter and you can hold your head up high again. Leaving QC after a very long time was one of the best decisions I have made.

by | Post ID:

Irwin was just as bad as PJ, he did one good thing, got CDMA to market, but Qualcomm's huge growth want due to Irwin, hell, he nearly ran the company into the ground before his lawyer saved him with the licensing scheme. Also I would not call Irwin a man of integrity.

IJ set the path we are on right now. PJ just let it ride. Both are the same sort of person inside, although both could appear human when it suited them to.

by | Post ID:

Well yes... this a valid reflection. As most of you reading these posts are on contract, to spend your life years and patience working for this company, it is also in your power to determine when this is no longer worth it. Every day you linger in a place where you can't deliver your best work, it is a waste...

by | Post ID:

Great Post ! I just left the company......no job security, benefits are heading south, and lousy management.....not much left :(

by | Post ID:

Qualcomm still had enormous amount of cash in the bank so everything is fine.

by | Post ID:

PJ bought flarion. Good move

by | Post ID:

jhy: There is blame enough to go around. Surely PJ epitomizes the fractured old saying that: "The apple that falls off the tree usually does so because it's rotten." But in a corporation as large and cumbersome as QCOM, he could not have acted alone to do so much damage. Leaving in place a Board of Directors who were total s*ck-ups most likely precipitated the fall. MR, SM, and all of the other useless VPs who were appointed in the past decade hobbled the company further. The greedy ex-wife probably didn't help.

by | Post ID:

Junior wrecked it. Save your money if you still work there. Good times are over.

by | Post ID:

Excellent post. Sometimes this site surprises me.

by | Post ID:

thank you for this great post. #gold

by | Post ID:

PO: Your post is ☆AWESOME☆

by | Post ID:

What a great post.

by | Post ID:

I joined QUALCOMM in 2000 through an acquisition. I was impressed with Irwin, not so much with any of his prides sorts. I always wondered what those who worked with PJ thought of him as an engineer, as a person, and as a leader? I personally have never been impressed with him as a leader, but wonder if he was good up to the point of being elevated to leader? Comments from those who know?

by | Post ID:

Excellent post. I could not agree with you more. When Irwin was CEO everyone wanted to work for him because he was such a great person, and extremely giving and generous, even before Qualcomm stock went up nearly 20 fold in 1999.

PJ's reign has been a disaster. All of his pet projects failed. He lacked vision and integrity and Q is now trying to sustain itself based on work Irwin spearheaded in the 90's. PJ is a rich spoiled kid from La Jolla, who never had to or should have worked a day in his life. Instead of collecting his trust fund and hanging out at the beach and skate park he took it upon himself to treat Q like a high school science contest which had no rules, other than he would win by virtue of his last name. He single handedly destroyed Q and deserves all the blame for the mess they are in now. The company has been broken way too long to turn around. The market is just starting to figure this out. I feel bad for employees who drank the cool aid and are now just coming to terms with reality. I left 11 yrs ago.

by | Post ID:

Post a reply

:

Related pages


verizon corporate customer servicemy campus aiiqueen valley medical centergiant eagle in lancaster ohiothe layoffs follettstaples canada furniturestaples bloomfield hillsasx worleyparsonsemc aveksaat&t kansas city officesears burlington hourslayoff follettapple southpoint mallwest corporation stock symbolrgis columbia scapple store san tan malldarden tickerhiring hall pgeemerson jobs austinjourneys tacoma mallbhi stock price todayclean harbors fort mcmurray officeintel downsizinghalliburton in singaporestock conocophillipspeter kiewit constructionjcpenney state collegehow many employees does baker hughes havegerdau tampaavon morton grovejobs at clean harborsverizon communications new yorkdell plano jobskmart mckinleyville caintel rio rancho jobsnational oilwell stockcalculate unemployment benefits texaswalmart smart cuts hourshalliburton oklahomaapple store west townedex media dallas txbanc of america leasing & capitalh1b laid offat&t atlanta locationskraft in dover desafeway jobs in dcwmb williamsqiagen nvpune syntelvalmont industries salariesrex energy corpcvs caremark acquisitionunited health group minnetonka mnlockheed martin boulder coloradobank of america location las vegastoys r us positionspearson book publishing companysynopsys bangalore careersmagellan midstream stockfreescale semiconductor india pvt ltdmylan canadamurphy oil calgarypayless shoesource branchesservicesource nashvillebaker hughes claremorekeysight technologies incamec calgaryge oil and gas houston texasdeloitte consulting industriesofficemax employee loginca inc islandiaqmc technologiesverizon comercialshays medical center addressdds companies