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.