Qualcomm plans to lay off 226 employees in San Diego by Nov 12 for business diversification.
Qualcomm plans to lay off 226 employees in San Diego by November 12 as part of its business diversification strategy. The layoffs will affect 16 facilities, including its headquarters, and follow a previous reduction of over 1,250 jobs last year. Despite the cuts, Qualcomm reported $35.8 billion in revenue for 2023. The company aims to realign resources to capitalize on new opportunities while maintaining its technology and product portfolio.
September 19, 2024
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