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Qualcomm laying off 10 percent?
Chipmaker Qualcomm may be heading towards some massive layoffs in the wake of shrinking profits.
Qualcomm may be laying off 10 percent of its global - 30'000 - strong workforce, Reuters writes, citing a report from The Information.
The exact numbers of layoffs is yet unknown, as well as which units would be targeted. The changes could – according to the same source – also mean that more R&D could be shifted to low cost countries.
Last week, the blog Fudzilla also wrote that Qualcomm might slash some 4'000 jobs.
So far, its been a tough year for Qualcomm with profits falling, Samsung Electronics going for its own processor in the Galaxy S6 and Note, while at the same time the EU-antitrust regulators are investigating Qualcomms practices.