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Qualcomm Cutting 1,500 Jobs At Its California Offices (reuters.com)
As part of its promise to investors to cut annual costs by $1 billion, Qualcomm is cutting 1,500 jobs across multiple divisions at its offices in California. Reuters reports: The company, which has about 33,800 employees as of Sept.24, informed about its job cut plans in California in a regulatory notice that was filed with the state on April 18. Qualcomm said it plans to cut 1,231 jobs in its San Diego office and 269 from its San Jose and Santa Clara offices in the state. Though the company first considered cost reductions without layoffs, it concluded that job cuts are needed to support long-term growth and success, a Qualcomm spokesperson said on Wednesday.
Harry Anderson
I didn't know he died on the 16th.
Engineering is such a respected and lucrative field that it makes sense to go to university and go into debt!!!
1,231 more homeless people in San Diego.
And too expensive to employ Californians?
I knew CA salaries were high, but not that high!
In today’s economy, Qualcomm doing this will mean they will be unable to attract or retain top talent. Intuit, the other big tech company with a San Diego presence, is hiring like crazy (I know, I finally just got hired to work at Intuit after having worked tech in this area for a few years) and anyone who knows what they are doing at Qualcomm can easily find something at Intuit, Sony, any of the biotech companies, or, for workers with clearances, any of the aerospace companies in the area.
This will result in the only people staying at Qualcomm being people too timid or too unmotivated to look elsewhere.
Trump will not have a chance of winning a game in my mind that the only time you could make the next one is gonna a great week. It's just good for the price of this one. I just had my lunch and had a great time with the girls today. It's a simple yet fine but.
that close all their stores as a "cost savings"
Of course, there is no income with no brick and mortar stores in a brick and mortar chain;;;
I wonder if this is in any way related to the recent ZTE decision. Qualcomm provides a lot of parts for ZTE, and with ZTE no longer able to buy parts from Qualcomm, they may be forced to go through some aggressive cost-cutting.
Given how close they are, it may simply be coincidence as well. Large companies don't do mass layoffs at the drop of a hat, after all.
Never underestimate the stupidity inherent in all human beings.
They must have implemented some AI, and cut the workers that it replaced.
No, No, lets deprive Qualcomm of a important costumer (ZTE) and introduce fear in their others Chinese costumers, that will help Qualcomm, the U.S government stopped the Broadcom deal because national security (5G) and they will lose their champion because national security.
Qualcomm announces huge layoffs. Trump tweets bad things about company. Qualcomm asks for special deals / tax cuts / get out of Jail free card in exchange of not scrapping 1500 jobs. Trump agrees. Qualcomm says "You saved everyone! All praise be to the Donald". Trump claims "mission accomplished. I'm so fabulous" and goes back to vague threats against Mueller. Qualcomm quietly lays off 1300 Americans instead of 1500 and creates 1300 jobs in Mexico.
The Russians have won. They have made the world a cesspool of distrust, greed, fear and hate.