Chipmaker Qualcomm introduced plans to put off 226 staff at its San Diego services, efficient November 12, in response to a California WARN discover revealed this week. The layoffs will influence staff throughout 16 areas in San Diego, together with the corporate’s headquarters.
The San Diego Union-Tribune first reported on the layoffs.
The announcement comes lower than a 12 months after Qualcomm minimize over 1,250 jobs in 2023.The corporate, identified for producing smartphone chips, has not specified which departments will likely be affected by the most recent spherical of layoffs.
Qualcomm spokesperson Kristin Stiles acknowledged, “As a part of a traditional course of enterprise, we prioritise and align our investments, assets, and expertise to make sure we’re optimally positioned to reap the benefits of the unprecedented diversification alternatives in entrance of us,” to TechCrunch.
Regardless of the job cuts, Qualcomm reported sturdy monetary efficiency in 2023, with annual income of $35.8 billion. CEO Cristiano Amon acquired $23.5 million in whole govt compensation throughout the identical interval.
The corporate’s determination to scale back its workforce comes amid ongoing challenges within the tech business, together with market volatility and elevated competitors. Qualcomm has been working to diversify its product portfolio past smartphone chips, exploring alternatives in automotive and Web of Issues (IoT) applied sciences.
Whereas Qualcomm declined to offer specifics on which groups can be impacted, the layoffs have an effect on a number of services with numerous specialisations, together with cybersecurity operations on the firm’s headquarters.
The San Diego Union-Tribune first reported on the layoffs.
The announcement comes lower than a 12 months after Qualcomm minimize over 1,250 jobs in 2023.The corporate, identified for producing smartphone chips, has not specified which departments will likely be affected by the most recent spherical of layoffs.
Qualcomm spokesperson Kristin Stiles acknowledged, “As a part of a traditional course of enterprise, we prioritise and align our investments, assets, and expertise to make sure we’re optimally positioned to reap the benefits of the unprecedented diversification alternatives in entrance of us,” to TechCrunch.
Regardless of the job cuts, Qualcomm reported sturdy monetary efficiency in 2023, with annual income of $35.8 billion. CEO Cristiano Amon acquired $23.5 million in whole govt compensation throughout the identical interval.
The corporate’s determination to scale back its workforce comes amid ongoing challenges within the tech business, together with market volatility and elevated competitors. Qualcomm has been working to diversify its product portfolio past smartphone chips, exploring alternatives in automotive and Web of Issues (IoT) applied sciences.
Whereas Qualcomm declined to offer specifics on which groups can be impacted, the layoffs have an effect on a number of services with numerous specialisations, together with cybersecurity operations on the firm’s headquarters.
