Qualcomm to cut roughly 1,258 workers in California
The layoffs will take place at offices in Santa Clara and San Diego.Follow your favorite stocksCristiano Amon, president and CEO of Qualcomm, speaks during the Milken Institute Global Conference in Beverly Hills, California, May 2, 2022.is cutting about 1,258 jobs in offices in two of its California locations, according to recent filings with the California Employment Development Department., according to its last annual financial filing, so this would represent about 2.5% of that workforce.
The semiconductor manufacturer notified the state Wednesday that it would be eliminating roughly 1,064 of its San Diego employees and 194 of its Santa Clara employees. The job cuts will take effect around Dec. 13 in both places, the filing said.When CNBC contacted Qualcomm for comment, the company pointed back to its lastin which it noticed that it was expecting workplace reductions and related restructuring charges.
"Given the continued uncertainty in the macroeconomic and demand environment, we expect to take additional restructuring actions to enable continued investments in key growth and diversification opportunities.
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