why is retaining ex-qualcomm talent key for san diego’s economy?

Why is Retaining Ex-Qualcomm Talent Key for San Diego’s Economy?

www.themoorefirm.net

http://www.themoorefirm.net/

The most important driver of regional success is not capital or the companies—it's the talent. Firms and capital go where the talented people are.

—Will Moore, San Diego Business Journal


http://www.themoorefirm.net/new_post/keeping-laid-off-qualcomm-workers-in-town-is-essential-for-regional-health/



Workers affected by the layoffs who want to stay in San Diego have two basic paths:

1. Get picked up by other local companies

2. Build their dream company





Company Sizes in San Diego

Companies with 1 - 4 employees

Companies with 5 or more employees

Companies with more that 250 employees

57 percent of San Diego’s companies have one to four employees. Only one percent of the region’s companies report more than 250 workers.



Shortly after Texas Instruments closed its San Diego mobile division in 2008. A

group of just-laid-off engineers came into my office. Since a few of them had been laid off at the same time, they were able

to quickly form an entire team that already knew each other. The started a new

business called IPG, and started developing cellular base-station chipsets.


Case Study: IPG

Read More


http://www.themoorefirm.net/new_post/big-tech-company-layoffs-and-the-opportunities-they-provide/

http://www.themoorefirm.net/new_post/big-tech-company-layoffs-and-the-opportunities-they-provide/


How Can San Diego Retain Talent from Qualcomm Layoffs and Grow Local Economy?




Wireless and tech associations can intensify their support of the formation of startups through expanded incubator programs, building mentorship

connections and intensifying educational sessions to encourage entrepreneurship;




Supporting businesses, (lawyers, accountants, etc.) can formulate ways to accommodate the

needs of these unique startups;




Tech companies that have thrived under the shadow of big brother Qualcomm can acquire local

talent—both as employees and as contractors;




Angels who might have some money stashed in limited partnerships in out of town VC’s can turn their attention to the attractive opportunities in San Diego.




Final ThoughtsBig firms will always occasionally lay people off. But our community doesn’t have

to. If we can keep our best people in town, and be a fertile place for their businesses and their lives, San Diego’s economy can continue to do great things.




Thinking of Starting a Company?Call The Moore Firm and build your business with the

right foundation.

Call (858) 888 - 5570


