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/ Qualcomm is cutting over 1,200 jobs due to market slowdown
Qualcomm is cutting over 1,200 jobs due to market slowdown
Qualcomm will cut 1,258 jobs in two offices in California, filings with the California Employment Development Department revealed. The chip company revealed 1,064 jobs will be eliminated in San Diego, where the HQ is, and 194 more in the Santa Clara offices. Qualcomm currently has over 51,000 employees, so it's letting go 2.5% of its workforce. The main reason for the job cuts is a decline in revenue after a sluggish chip business in the company's third fiscal quarter. Cristiano Amon, President of Qualcomm The jobs will be vacated by December 13 and further restructuring...
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