Qualcomm layoffs begin for San Diego employees

News
This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

SAN DIEGO – Qualcomm Inc. has begun layoffs after announcing in July that it would be eliminating 15 percent of its workforce.

The San Diego-based company announced Thursday that it is in the process of notifying employees, according to a statement sent to FOX 5.

The move will allow Qualcomm, one of San Diego’s biggest employers, to save costs and decide whether to split up the company.

The cuts are expected to save the provider of computer chips for mobile devices around $1.1 billion.

Qualcomm issued this statement Thursday:

“As part of the Strategic Realignment Plan announced in July, we announced that Qualcomm would reduce full-time headcount and have a significant reduction of our temporary workforce. We are in the process of notifying employees. We haven’t provided a more specific breakdown.  We remain committed to our strategic realignment and cost reduction plans. We underwent a thorough assessment to determine which roles and skill-sets will be needed to best support the future business. These decisions were driven by the near- and long-term strategic objectives for the business under our Strategic Realignment Plan. The company is providing a supportive severance package, outplacement resources and career transition services.”

Most Popular Stories

Latest News

More News