News WrapGet Handpicked Stories from our editors directly to your mailbox

Qualcomm Job Cut

Qualcomm begins layoffs to cut annual costs by $1 billion

Qualcomm said it offered affected employees severance packages.

Apr 19, 2018, 09:51 AM IST

Qualcomm to cut 15% jobs, raise resources in lower-cost regions

Mobile chip maker Qualcomm has announced a massive restructuring plan that will see the company slashing 15 percent of its global head count and eliminating about USD 1.4 billion in spending as it looks to increase resources in "lower-cost regions".

Jul 23, 2015, 21:19 PM IST

Qualcomm to cut 4,500 jobs, may split itself up

Qualcomm shares fell 1.8 percent to $63.05 in after-market trading on Wednesday. The stock has lost a fifth of its value in a year.

Jul 23, 2015, 11:39 AM IST