Qualcomm will lay off 1500 people in California

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 Qualcomm will lay off 1500 people in California


NetEase news? April 20th news, according to foreign media reports, according to the relevant risk warning documents, chip manufacturer Qualcomm Corp will lay off 1500 people in San Diego and the bay area. It is learnt that as part of the Qualcomm Corps $1 billion spending cuts, the layoffs will begin in June 19th. It also marks the start of Qualcomm Corps $80 billion cut in costs. According to the relevant risk warning documents, Qualcomm plans to lay off 1500 California employees in June 19th. The downsizing plan will affect some 1231 employees in San Diego, the high Qualcomm headquarters, and 269 employees from San Jose and the Santa Clara office in northern California. There is no clear plan for layoffs in other states and around the world. According to the documents submitted by the company, as of September 2017, Qualcomm had 33800 full-time and part-time employees worldwide. It is reported that as early as president Trump issued an executive order to intervene in the acquisition of Qualcomm by Singapores competitors, there were news of layoffs. The announcement of the layoff is because Qualcomm management has promised shareholders that in order to make up for the decline in product sales, Qualcomm plans to reduce the cost of $1 billion. Qualcomm had previously sought to conclude a takeover deal with Singapores competitor, Broadcom, with a bid of up to $117 billion. However, after Trump issued an administrative order on the grounds of national security, the acquisition was eventually canceled. (Han Bing) this article source: NetEase technology report editor: Hou Weicheng _NT4124 There is no clear plan for layoffs in other states and around the world. According to the documents submitted by the company, as of September 2017, Qualcomm had 33800 full-time and part-time employees worldwide. It is reported that as early as president Trump issued an executive order to intervene in the acquisition of Qualcomm by Singapores competitors, there were news of layoffs. The announcement of the layoff is because Qualcomm management has promised shareholders that in order to make up for the decline in product sales, Qualcomm plans to reduce the cost of $1 billion. Qualcomm had previously sought to conclude a takeover deal with Singapores competitor, Broadcom, with a bid of up to $117 billion. However, after Trump issued an administrative order on the grounds of national security, the acquisition was eventually canceled. (Han ice)