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Qualcomm job cuts stand at 1,500 in California, more elsewhere

Updating the day before today’s tale on Qualcomm’s introduced activity cuts, resources to Bloomberg now say that 1,500 positions shall be let cross within the corporate’s California workplaces with others set to be laid off in other places.

The corporate itself has now not supplied explicit numbers. The corporate remaining reported in September that it had 33,800 workers, so the transfer would constitute a minimal team of workers reduce of four p.c — the quantity could also be verified as soon as Employee Adjustment and Retraining Notifications are filed to the state of California. It remaining reduce 1,000 positions in 2015.

Qualcomm had gotten tepid investor strengthen following the mandated cave in of Broadcom’s acquisition be offering for the competing chipmaker. It has since spoke back through doubling down on present earnings streams and has centered the removing of $1 billion in annual prices.

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