Hey Ericy, a couple of points in response to your post:
I am sure the company is going to do what is has to do to keep the division they just sold in good enough shape for Ericy to take it. The grumbling among the employees of this division will be more than in most sales, but, that's life.
Having said that, you should know that many of the key people in that division were doing one hell of a job, under adverse conditions, and were well aware of the losses, and wanted out. The company was refusing to transfer people out of the Division, and the people were told that, under no circumstances would the division be sold, or would their position in the company be jeopardized by their staying with that division.
Many of these people were transferred, or hired, to this division on the basis that it was a challenge that would be harder to accomplish than working in the other divisions, but that they would be well rewarded for their efforts. I think it is unfair to characterize them as people who were not contributing to the profitability of the company, when management, knew, going in, that this division was a start up.
Now, they are nailed. They cannot be hired back by Qualcomm, They have to work for a company that many of them hate They have lost their options. Other divisions that were spun off were able to keep their options.
As I have said in a previous post, Qualcomm's history is that it treats its employee's royally. I am sure they will work it out.
I think I started this subject up on this thread when I brought it up as a possible problem 30 days ago. I hope we do not continue to beat it to death on this thread. |
