So, I can't speak specifically to Qualcomm's case, however there's a weird paradox in Silicon Valley.
There's both an excess of jobs and excess of employees. This is probably true in every industry (every Starbucks is hiring, yet everyone complains how hard it is to find a job), but it's especially true in tech.
The problem is there's a shortage in qualified candidates. Salaries have gotten so high that even the most mediocre developers are demanding six figures. There's been a huge inflation of salaries in tech, and a decrease in craftsmanship and quality. So, companies are getting less done for more money. It's a gold rush, and we're getting to the point where "3 months experience [1]" is the norm.
I've been trying to hire. I'm not worried about high salaries for someone good. However my inbox is full of people who know half a language and want a starting salary of $130k. That's crazy.
There's both an excess of jobs and excess of employees. This is probably true in every industry (every Starbucks is hiring, yet everyone complains how hard it is to find a job), but it's especially true in tech.
The problem is there's a shortage in qualified candidates. Salaries have gotten so high that even the most mediocre developers are demanding six figures. There's been a huge inflation of salaries in tech, and a decrease in craftsmanship and quality. So, companies are getting less done for more money. It's a gold rush, and we're getting to the point where "3 months experience [1]" is the norm.
I've been trying to hire. I'm not worried about high salaries for someone good. However my inbox is full of people who know half a language and want a starting salary of $130k. That's crazy.
[1] http://www.nytimes.com/2015/07/29/technology/code-academy-as...