Qualcomm cuts 415 jobs in an attempt to reduce losses caused by falling demand for smartphones
CTOnews.com, June 21 (Xinhua) although halfway through 2023, the global economic trend still does not seem to be active, and even some large technology companies are still choosing to lay off staff.
Qualcomm announced that it would cut 415 jobs from its San Diego headquarters after California submitted its worker Adjustment and retraining Notification Act (WARN), the San Diego Joint Tribune reported.
In addition, the company laid off 84 employees in the Bay area in an attempt to consolidate its financial position in the face of a slowdown in smartphone sales, especially in China.
Although Tuyuan Pixabay has yet to comment, Qualcomm CEO Cristiano Cristiano Amon said on a Qualcomm earnings call in May: even with layoffs, the company is still the largest employer in San Diego, with 12000 local employees.
"We are actively managing operating costs and will continue to evaluate further opportunities to improve operational efficiency without losing vision of future growth opportunities for cars and the Internet of things."
To reduce layoffs and losses, Qualcomm is trying to diversify its business beyond smartphones, tablets and modems, such as into the automotive industry, where the company is said to have a large number of to-do lists with carmakers for a variety of applications, including intelligent infotainment systems and in-car driving.
However, because the smartphone market generates most of the revenue for Qualcomm, it has to make some tough decisions.
The layoffs were mainly concentrated in the engineering department, with about 300 jobs with the title of "engineer" cancelled according to details mentioned in the WARN notice, according to sources. To the best of CTOnews.com 's knowledge, this is not the first time Qualcomm has announced layoffs recently, having previously announced layoffs in December and March this year.
