1,300 Layoffs Underway at Qualcomm in Cost-Cutting Move

Layoffs necessitated by cost-cutting at San Diego-based Qualcomm began on Thursday, with a total of 1,314 expected based on official notifications.The global wireless technology company announced in July that it plans to lay off 15 percent of its global workforce and study a restructuring under pressure from hedge fund investor Jana Partners.“As part of the Strategic Realignment Plan announced … Continue reading 1,300 Layoffs Underway at Qualcomm in Cost-Cutting Move