Send
Print
Kārlis Dambrāns
According to papers the manufacturer submitted to authorities, the business would lay off 1,064 workers in San Diego, which is home to Qualcomm's headquarters, and another 194 in Santa Clara on December 13.
Currently, 51,000 employees work for the organization worldwide.
Qualcomm posted its third-quarter fiscal figures in August, revealing a twofold decline in net income. Concurrently, the manufacturer's revenue experienced a 23% decline and failed to meet the expectations of analysts. The business also announced plans to restructure in order to get over the challenges.
Qualcomm's capitalization has increased by 1.4% since the start of 2023.
source: marketwatch.com
Currently, 51,000 employees work for the organization worldwide.
Qualcomm posted its third-quarter fiscal figures in August, revealing a twofold decline in net income. Concurrently, the manufacturer's revenue experienced a 23% decline and failed to meet the expectations of analysts. The business also announced plans to restructure in order to get over the challenges.
Qualcomm's capitalization has increased by 1.4% since the start of 2023.
source: marketwatch.com
