Qualcomm is currently a renowned mobile chip company in the world. Popularity even beat many other similar companies. But who would have thought behind its popularity is that Qualcomm also having a difficult time.
After July, Qualcomm plans to cut its global workforce by 15% (around 31 300 employees), today the plan was actually happening. Qualcomm as quoted by AFP has sent an email to employees 60 days notice before layoffs. Mentioned there are 1,300 full-time employees were laid off some of whom 158 employees in Boulder Colorado, 130 employees in the San Francisco Bay Area, 65 employees in Andover Massachusetts and the other at the headquarters of Qualcomm in San Diego, with their last day of work is dated 20 November 2015 . Qualcomm also providing severance and outplacement for those affected by layoffs.
Mentioned that one of the triggers that make layoffs because endangerment Qualcomm Qualcomm position by mobile Taiwanese semiconductor company, MediaTek chip which does have a product at a cheaper price than Qualcomm's Snapdragon. Qualcomm profit last April reportedly even slumped by 46%. This forced Qualcomm to improve efficiency, which one way is to lay off their employees.
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