Qualcomm lay-offs reported to have started
- Author:Ella Cai
- Release on:2018-09-17
Qualcomm is reported to have started a big lay-off programme.
Layoff.com profile, a site which claims to represent affected Qualcomm employees, reports jobs being moved to India.
Official announcements are anticipated at the October financial reporting round.
Having failed to buy NXP, and incurring a $2 billion break up fee, Qualcomm is now looking light on strategy.
The company recently announced a $16 billion share buy-back which is part of an expected $30 billion buy back programme.
Layoff.com profile, a site which claims to represent affected Qualcomm employees, reports jobs being moved to India.
Official announcements are anticipated at the October financial reporting round.
Having failed to buy NXP, and incurring a $2 billion break up fee, Qualcomm is now looking light on strategy.
The company recently announced a $16 billion share buy-back which is part of an expected $30 billion buy back programme.
