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Is Qualcomm getting a 20% layoff plan?

Heard through sources at BCG that Qualcomm might be getting a 20% layoff plan in case chip sales don’t look in Q1. Word is that the company has over hired since the last set of trimming a few years ago. Anyone heard anything inside the company? TC 430k Yoe 14 #Qualcomm #google #intel #amd

When do Qualcomm layoffs take effect in San Diego?

The layoffs take effect in February. A Qualcomm spokesperson declined to comment on the reduction, which amounts to about 1 percent of the company’s 12,500-person workforce in San Diego. While not widespread, other local tech companies also have announced layoffs recently.

Are Qualcomm layoffs part of a cost reduction plan?

A Qualcomm spokesperson told 10News the layoffsare part of a "cost reduction" plan introduced at the beginning of this year: "As part of the cost reduction plan announced in January, Qualcomm is conducting a reduction of our full-time and temporary workforce.

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