Qualcomm Cuts Jobs in California in Effort to Reduce Costs
- Workforce reductions to come in mid-December chipmaker says
- Company not commenting on any actions outside of California
Qualcomm headquarters in San Diego.
Photographer: Bing Guan/BloombergThis article is for subscribers only.
Qualcomm Inc., the largest maker of chips that run smartphones, is reducing its workforce to cope with lackluster demand for its main product.
The company is eliminating 1,258 positions in San Diego and Santa Clara, California, according to submissions to the California Employment Development Department. A Qualcomm representative declined to comment on the overall size of the reductions to its 50,000 workforce.