Qualcomm begins layoffs as part of cost cuts - Bloomberg
Qualcomm begins layoffs as part of cost cuts - Bloomberg
Chipmaker Qualcomm Inc has begun cutting jobs as part of its promise to investors to cut costs by $1 billion, Bloomberg reported on Wednesday, citing people familiar with the matter.
The size of job cuts is large enough that San Diego-based Qualcomm will have to file a WARN notice, or Worker Adjustment and Retraining Notification, with the state of California, the report said.
Qualcomm did not immediately respond to a request for comment.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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