S a chip maker based in Diego Qualcomm Inc. revealed that he began the process of cutting more than 1,500 jobs from his workforce, according to a report Bloomberg that quotes people familiar with the
Although a handful of positis are eliminated from other locatis, including some of the firm's internatial offices, the majority of layoffs would affect California's Qualcomm employees in San Diego and in San Jose, according to sources. 19659002] Qualcomm employs approximately 34,000 full-time people worldwide, working in the company's 177 global offices.
"We first assessed the n-staff cost reductis, but ccluded that a downsizing was needed. growth and success, which will ultimately benefit all our stakeholders, "said a Qualcomm spokespers in a statement sent by email to Bloomberg .
The company then specified that it planned to offer severance benefits to those affected.
The precise number of layoffs scheduled for each of Qualcomm 's offices was not specified in today' s report, but they certainly would not be. t be the first large-scale reducti of the chip maker. As noted Bloomberg in 2015, Qualcomm also fired "thousands" of employees as part of an internal restructuring plan initiated by e of the most outspoken investors of the society.
should file Worker Adjustment and Reclassificati Notices (WARNs) with the State of California, which are not ly required when a company expects to lay off more than 50 employees in a single 30-day period. days, but should also give us more
Declining sales and legal woes
While sources have noted how layoffs are part of Qualcomm's broader downsizing plan, which aims to reduce overhead costs $ 1 billi to hor a commitment made to its investors …