Qualcomm has reportedly began layoffs, impacting each full-time and brief workers. The international chip-maker is making task cuts as “workforce reduction is needed to support long-term growth and success”.
According to a record by means of information company IANS, Qualcomm would possibly do away with 1,500 jobs in California on my own.
“As part of the cost reduction plan announced in January, Qualcomm is conducting a reduction of our full-time and temporary workforce. A workforce reduction, such as this one, affects not only those employees who are part of the reduction, but their families. , co-workers and the community,” Qualcomm was once quoted as announcing.
The US-based corporate has reportedly introduced severance programs to affected workers with a view to cut back the affect of the transition on them.
“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,” the corporate was once quoted as announcing.
Job cuts at Qualcomm
Qualcomm diminished the worker headcount by means of 79 from its San Diego headquarters previous this 12 months and lower jobs of 153 workers in December.
In January this 12 months, Qualcomm mentioned it iced over hiring in accordance with a faster-than-feared decline in call for for telephones, which use its chips. It additionally anticipated smartphone shipments to say no within the double-digit in line with cent vary this 12 months, worse than the outlook it gave previous.
Qualcomm acquire of NXP
The construction comes at a time when the US-based chip maker is suffering to near its acquire of nxp semiconductors whilst at the same time as assembly its function to chop prices by means of $1 billion, the record mentioned.
Earlier this month, Qualcomm mentioned that on the request of the Ministry of Commerce in China, it refilled its software to obtain Dutch corporate NXP.
China is the one nation that hasn’t authorized Qualcomm’s acquire of NXP. The corporate had walked clear of a $44 billion deal to shop for NXP Semiconductors after failing to protected Chinese regulatory approval.
According to a record by means of information company IANS, Qualcomm would possibly do away with 1,500 jobs in California on my own.
“As part of the cost reduction plan announced in January, Qualcomm is conducting a reduction of our full-time and temporary workforce. A workforce reduction, such as this one, affects not only those employees who are part of the reduction, but their families. , co-workers and the community,” Qualcomm was once quoted as announcing.
The US-based corporate has reportedly introduced severance programs to affected workers with a view to cut back the affect of the transition on them.
“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,” the corporate was once quoted as announcing.
Job cuts at Qualcomm
Qualcomm diminished the worker headcount by means of 79 from its San Diego headquarters previous this 12 months and lower jobs of 153 workers in December.
In January this 12 months, Qualcomm mentioned it iced over hiring in accordance with a faster-than-feared decline in call for for telephones, which use its chips. It additionally anticipated smartphone shipments to say no within the double-digit in line with cent vary this 12 months, worse than the outlook it gave previous.
Qualcomm acquire of NXP
The construction comes at a time when the US-based chip maker is suffering to near its acquire of nxp semiconductors whilst at the same time as assembly its function to chop prices by means of $1 billion, the record mentioned.
Earlier this month, Qualcomm mentioned that on the request of the Ministry of Commerce in China, it refilled its software to obtain Dutch corporate NXP.
China is the one nation that hasn’t authorized Qualcomm’s acquire of NXP. The corporate had walked clear of a $44 billion deal to shop for NXP Semiconductors after failing to protected Chinese regulatory approval.