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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.

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April 15 2024 11:45 am V22.4.27-1
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