Layoffs To Come At Qualcomm To Cut Costs
TECH: Move Spurred By Takeover Bid; Co. Providing Severance
■ By SARAH de CRESCENZO and TONY CAGALA
NEWS
Qualcomm Inc. (Nasdaq: QCOM) plans to cut 1,500 jobs, according to notices filed with the state April 18.
The move is part of the company’s promise to investors to cut costs by $1 billion.
The wireless giant said it will trim 1,231 jobs in San Diego...
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