Qualcomm is planning to lay off 1,231 employees in San Diego County, the company confirmed in a letter delivered overnight Wednesday to city and county officials.
The San Diego-based wireless pioneer, which narrowly escaped a takeover by Broadcom earlier this year and now faces possible antitrust action by China, said the layoffs would begin “on or about” June 19.
“As part of the cost reduction plan announced in January, Qualcomm is conducting a reduction of our full-time and temporary workforce,” a company spokesperson said. “We first evaluated non-headcount expense reductions, but we concluded that a workforce reduction is needed to support long-term growth and success, which will ultimately benefit all our stakeholders.”
The layoff number was provided in a letter to San Diego Mayor Kevin Faulconer and Kristin Gaspar, chair of the San Diego County Board of Commissioners, under the federal Worker Adjustment and Retraining Notification Act.
At separate letter advised officials in Santa Clara County in Northern California of an addition 269 layoffs.
Qualcomm has approximately 13,000 employees in San Diego County and 38,000 worldwide. It last had layoffs in 2015, when 1,315 employees were affected.
The company’s stock closed at $52.57 on Thursday, down $2.66.
