Qualcomm to Trim 1,500 Jobs In Order to Reduce Costs
Apr 19, 2018, 8:33 AM by Eric M. Zeman
Qualcomm is prepared to layoff some 1,500 employees, mostly in California, according to Bloomberg. Earlier this year, Qualcomm promised investors it would cut $1 billion in spending as part of its effort to stave off the Broadcom acquisition. With that deal dead, Qualcomm now has to live up to its promise to shareholders. "We first evaluated non-headcount expense reductions, but we concluded that a workforce reduction is needed to support long-term growth and success, which will ultimately benefit all our stakeholders," said Qualcomm in a statement. Qualcomm has not said what divisions might be impacted by the layoffs. The company is headquartered in San Diego.
OnePlus Evolves its Flagship with the 10T
JBL Brings Smart Charging Case to More Earbud Styles
Mint Mobile Now Owned by T-Mobile
T-Mobile, Verizon in Talks to Carve up US Cellular
Comments
No messages
