Qualcomm to cut roughly 1,258 jobs in California
Publishing timestamp: 2023-10-12 16:44:30
Summary
Qualcomm is laying off approximately 1258 workers in California, representing about 2.5% of its workforce. The job cuts will take place at its offices in Santa Clara and San Diego, with no facility closures expected. Qualcomm cited macroeconomic uncertainty and the need for restructuring as reasons for the layoffs.
Sentiment: NEGATIVE
Tickers: QCOM,
Keywords: enterprise, personnel, technology, labor economy, business news, san diego, layoffs, breaking news: technology, qualcomm inc,
Source: https://www.cnbc.com/2023/10/12/qualcomm-to-cut-roughly-1258-jobs-in-california.html