They are part of a company plan to cut $1 billion in operating costs. If Qualcomm is reportedly cutting jobs of 1,000 workers, it would affect about 3% of the global workforce of the company.
A person familiar with the situation told Bloomberg that these layoffs represented majority of the cuts that the company would be making, though there may be more layoffs in other departments. Those affected will get a 60-day notice, in addition to severance payments.
The pledge was made in a letter to investors as the company's board of directors battled a hostile takeover attempt by Broadcom.
Though the company first evaluated non-headcount expense reductions, it concluded that a workforce reduction is needed to support long-term growth and success, the spokesperson said.
As of September 24, 2017, San Diego-based Qualcomm employed close to 34,000 employees worldwide, including full-time, part-time, and temporary staff.
Renishaw (LON:RSW) Earns "Hold" Rating from Peel Hunt
Atlantic Trust Grp Ltd Liability Company holds 1.24% or 2.57M shares. 68,656 are held by Lucus Advsr Ltd Liability Co. Meridian Bancorp, Inc. (NASDAQ:EBSB) has risen 9.34% since April 18, 2017 and is uptrending. (NASDAQ:FFIV) shares.
The deal was called off after Trump issued an executive order preventing Broadcom from buying Qualcomm on the grounds of national security.
The move has come, amid Qualcomm's ongoing battle with Apple which started a year ago after a complaint from the FTC stating that Qualcomm was pushing Apple to use its baseband chips at higher royalties.
The chipmaker has been ramping up its operations since then to improve earnings growth.
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.
On race day, however, Shertenlieb had to contend with some of the worst weather conditions in Boston Marathon history. Linden, who said she felt "miserable" early on in the race and even contemplated dropping out, waited up for her.
The asteroid , now known as "2008 TC3", was just over four metres in diameter and fell in the Nubian desert in Sudan. Such planetary embryos got ejected from the solar system and either became rogue planets or smashed together.
Russia's media regulator has blocked more than 4 million IP addresses after a court approved its request to shut the app down. Roskomnadzor had previously asked a Russian court to block the service for failing to comply with Russian regulations.
Rosenstein has been overseeing Mueller's investigation following the recusal of Attorney General Jeff Sessions . That assurance appeared to quell the possibility that Trump could move to dismiss either Rosenstein or Mueller.
The ratio is positive due to IBM positioning: 54 sold and 604 reduced. 28 funds opened positions while 65 raised stakes. Victory has invested 0.06% in Old National Bancorp (NASDAQ:ONB). "Buy" rating has 8, "Sell" are 2, while 4 are "Hold".
CNN reported that lawyers close to Trump warned that Cohen could flip and possibly wear a wire in exchange for a lenient deal. Yet a $130,000 hush payment to Daniels has catapulted Cohen into the limelight as of late.
Bryan spoke about the couple during an interview with Entertainment Tonight where he poked fun at Stefani's poor eyesight. The guitar Lambert used is signed by the icon, who wrote a personal message with her autograph: "I love you Miranda ".
The source went onto say Sean Hannity is an angry Russet Potato ideal for making fluffy mashed potatoes. Sean Hannity's show on FOX News looks like it will survive what many in the media are calling Spudgate.
China on Thursday said the USA will damage itself if it takes action against China's leading telecom equipment maker ZTE Corp . U.S. authorities also punished ZTE for its failure to comply with sanctions on technology sales to Iran and North Korea.
Cardi B was a guest on Thursday's episode of Ellen , sitting down with the host for a typically fun conversation. To which Ellen cautiously replied, "We were all curious and we didn't know how and now we do...so, great".
The M2 Competition's kerb weight is 55kg heavier than the old M2's at 1550kg in six-speed manual guise, largely due to the engine. It's a known fact that a lot of BMW enthusiasts and critics have had a bone to pick with BMW's S55 3-liter straight six engine.
Pacers Drop Game 2 In Cleveland
Tyronn Lue made it clear that his team needed to make some changes in Game 2 and lived up to his word. LeBron looked for the block but Oladipo's feathery shot was simply untouchable.
Jets' quarterback draft evaluation will end with two visits
Additionally, he's the farthest thing from a liability off the field, and his leadership only contributes to his overall stock. That said, the team should have more than enough time to develop Mayfield before he will be truly needed under center.
Barbara Bush's years in the White House
She shares the title with Abigail Adams, whose husband, John, was the second president, and son John Quincy Adams was the sixth. She had chose to decline further medical treatment for health problems and focus instead on "comfort care" at home in Houston .
ATMs Run Dry: What's Behind The Cash Crunch?
It cited bank officials' statements that people have been withdrawing cash more than they require at the beginning of the month. It is clarified at the outset that there is sufficient cash in the RBI vaults and currency chests".
Fired FBI Director Comey and President Trump Trade Insults
Mr Mueller's probe has expanded to include whether Mr Trump obstructed justice by firing Mr Comey, which the president denies. Truth and cogency aren't exactly the president's strong suit. "The establishment is still furious that Trump won".
Indian-American girl sends video to PM Modi
At present, PM Modi is on a five-day visit to Sweden, the United Kingdom and Germany (April 16-20, 2018). Additionally a major funding boost was injected into the bilateral process when Mr.
Avengers: Infinity War Singapore and Tokyo Fan Event Photos
We have heard that Ant-Man and the Wasp stitches in to the next two Avengers films, making it more intriguing than the first film. That shows that this is one long narrative, and what happens matters and still affects the universe multiple films later.