Qualcomm Job Cuts
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Qualcomm Predicts Q4 Sales Below Market Estimates Due to Macroeconomic Headwinds, Weaker Global Handset Units
Qualcomm has predicted that its fourth-quarter sales would fall below market estimates, as the California-based chipmaker deals with slowing global economic growth and consumer spending on smartphones remained weak. The firm also said that its forecast for the remainder of 2023 assumes no "material revenue" from Chinese smartphone maker Huawei.
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Qualcomm Starts Cutting Jobs as Part of Its Cost Reductions
Qualcomm said it offered affected employees severance packages. It employed about 33,800 full-time, part-time and temporary employees, as of September 2017.
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Qualcomm Slashes 4,500 Jobs; May Split Up
The company said it would reduce costs by about $1.4 billion, and cut about 15 percent of its workforce.
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Qualcomm May Cut Thousands of Jobs, Breakup Company: Reports
The cuts could impact more than 10 percent of the company's 30,000-person workforce.
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Broadcom Cuts 2,500 Jobs as It Winds-Down Baseband Unit
Broadcom said it has cut 250 sales and administrative jobs and expects to reduce worldwide headcount by another 2,250 employees.
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Qualcomm Predicts Q4 Sales Below Market Estimates Due to Macroeconomic Headwinds, Weaker Global Handset Units
Qualcomm has predicted that its fourth-quarter sales would fall below market estimates, as the California-based chipmaker deals with slowing global economic growth and consumer spending on smartphones remained weak. The firm also said that its forecast for the remainder of 2023 assumes no "material revenue" from Chinese smartphone maker Huawei.
-
Qualcomm Starts Cutting Jobs as Part of Its Cost Reductions
Qualcomm said it offered affected employees severance packages. It employed about 33,800 full-time, part-time and temporary employees, as of September 2017.
-
Qualcomm Slashes 4,500 Jobs; May Split Up
The company said it would reduce costs by about $1.4 billion, and cut about 15 percent of its workforce.
-
Qualcomm May Cut Thousands of Jobs, Breakup Company: Reports
The cuts could impact more than 10 percent of the company's 30,000-person workforce.
-
Broadcom Cuts 2,500 Jobs as It Winds-Down Baseband Unit
Broadcom said it has cut 250 sales and administrative jobs and expects to reduce worldwide headcount by another 2,250 employees.
