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Qualcomm Preparing To Lay Off Several Thousand Employees: Tech Website

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy Omniscient Member

Ron Burgundy

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Shadow is cast near Qualcomm logo at the 2015 Computex exhibition in Taipei,(Reuters) - Chipmaker Qualcomm Inc is preparing to lay off several thousand employees, or more than 10 percent of its 30,000-strong workforce, the Information website reported on Monday. Qualcomm, which reported a 46 percent drop in second-quarter profit in April, is facing increasing competition from Taiwan's MediaTek Inc and a handful of small Chinese companies that specialize in making chips for low-priced phones. Qualcomm could shift more research and development activities to low-cost countries such as India for further cost savings, the Information reported, citing one person.




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