Friday, 28 July 2017

Qualcomm cuts jobs, confirms possible break-up

By Mary Lennighan, Total Telecom
Thursday 23 July 15

Chip maker to shed 15% of its workforce as part of spending reduction plan, lowers guidance after weak Q3.

Qualcomm on Wednesday announced that it will slash thousands of jobs in a bid to reduce spending and confirmed that it will undertake a strategic review that could lead to the company being split up. The news came alongside the chip maker's fiscal third quarter results presentation, which showed hefty declines in turnover and profit, leading to a reduction in full…

Qualcomm on Wednesday announced that it will slash thousands of jobs in a bid to reduce spending and confirmed that it will undertake a strategic review that could lead to the company being split up. The news came alongside the chip maker's fiscal third quarter results presentation, which showed hefty declines in turnover and profit, leading to a reduction in full…

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