Qualcomm, a leading provider of chips for mobile phones, did not specify the number of employees being let go but said the cuts included permanent and temporary workers. Besides, the company is also offering packages to the employees involved in the layoffs.
In a bid to reduce its spending by $1 billion, to fulfill a promise made to shareholders by management, Qualcomm is reportedly laying off as many as 1,000 employees. Chipmaker Qualcomm Inc. began layoffs on Wednesday to help boost profit. Unfortunately for majority, this includes cutting jobs to bring more money back into the company.
PUBG Is Getting a New Map Selection Feature in the Near Future
It also gathered feedback from around the world, which led to it scrapping and reworking the feature's design several times. PUBG Corporation was initially hesitant to include a map selection feature out of fear it might disrupt matchmaking.
The job cuts locally are significant - almost matching the 1,315 workers laid off in San Diego during Qualcomm's last major restructuring in early 2015.
Qualcomm had in January said it would implement a series of targeted reductions across businesses to save $1 billion in annual costs, as part of its attempt to win over investors support against a hostile bid from rival Broadcom Inc.
'Battlefield V' preparing battle royale mode
That's according to VentureBeat , which reports that this year's Battlefield V has been testing a last-man-standing mode. And again, it shouldn't shock you to hear that DICE is doing the same thing for Battlefield V.
"We first evaluated non-headcount expense reductions, but we concluded that a workforce reduction is needed to support long-term growth and success, which will ultimately benefit all our stakeholders", Qualcomm said in the statement. The fight seemed destined to continue, but US President Trump stepped in and prevented the merger on the grounds of national security. Subsequently, Apple sued Qualcomm for $1 billion, leading to a drawn out legal skirmish. The chipmaker has been streamlining its operations since then to improve revenue of the company.
Capitals' 2OT win cuts into Jackets' series lead
Although Columbus still leads the series 2-games-to-1, the Capitals have reason to be upbeat after avoiding the dreaded 0-3 hole. Once again, there was a lot here that should have resulted in a win, especially with the way they were able to open the game.