A friend sent me the link below, and wondered if there is any truth to rumors of more Qualcomm layoffs specifically in San Diego? Not involved, just curious from a housing affect perspective.
There’s always a slow regular layoff in non-core groups. More of the core groups have the opposite problem of retaining people.
I’d say Intel is in deeper sh!t, especially if Qualcomm’s Snapdragon 835 spec leaks are true, using Samsung 10nm. Wondering when Intel is going to pull the plug on mobile (again).
Thanks flu. I’m sure you have waiting lists, as we do, especially for our sfh’s, but since several of their employees rent from us, we still like to try to stay aware of what’s going on in the local job market.
[quote=flyer]Thanks flu. I’m sure you have waiting lists, as we do, especially for our sfh’s, but since several of their employees rent from us, we still like to try to stay aware of what’s going on in the local job market.[/quote]
You are more likely to lose your tenant because they got sick and tired of renting and decided to cash in stock grants to buy a SFH than you are to lose a tenant due to a layoff, imho. Unless your tenant isn’t in core engineering (ie in IT/support,etc). the market isn’t that bad such that they wouldn’t be able to find something else to do in San Diego. And ever since the NXP acquisition, the stock has been bouncing from an all time low. Also, they’ve been handing out pretty generous retention bonuses to get people to stay in core engineering.
For a SFH assuming in north country, I am surprised you would have a waitlist. I see plenty of SFH around my area that hasn’t been filled. Either those owners are asking too much, or you are asking too little 🙂
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