Navyamedia
Business Business News Headlines Today International news Popular Posts Top Articles

Qualcomm to lay off 1,500 staff to cut costs

American chipmaker Qualcomm started to cut jobs at its facilities in California to meet the company’s promise to investors to cut costs by $1 billion.

The San Diego-based wireless giant plans to trim 1,231 jobs in San Diego and 269 at its offices in San Jose and Santa Clara in mid-June.

Workers were told of the layoffs on Wednesday. A company spokesperson was quoted as saying that this move, a reduction of full-time and temporary workforce, is a part of the cost reduction plan announced in January, and the company found it is necessary to support long-term growth and success after evaluated other plans.

According to the San Diego Business Journal, Qualcomm filed a Worker Adjustment and Retraining Notification (WARN) notice with the state of California on Thursday stating 1,500 employees in the state will be terminated on or about June 19, 2018.

Related posts

Breast feeding must, say experts 

Ashok prasad

CPI-M General Secretary Yechuri says Modis looting country

admin

CBSE Class 12 results declared, Trivandrum registers highest pass percentage with 97.32%

admin

Leave a Comment