QualComm is going to rule out 10% of its workforce. Look out for the insight.
Literally shocking nightmare turned reality. Lets get into this, The Chipmaker Qualcomm, Inc. is going to lay off 30,000+ employees which is about 10% of its workforce.
It is still in announcing mode. Meaning, Qualcomm will announce the job cuts after the board has quarterly reports of performance and stuffs in their hands.
Recently the giant reported a 46% drop in second quarter profits and is in serious struggle to rise up against Taiwan MediaTek. Qualcomm can also shift its R&D to India for more cost cutting.
Qualcomm has also been under pressure from Hedge Funder Jana Partners to spin-off the chip business, from its highly profitable patent-licencing business.
Let us watch out for Qualcomm and its activities. Till then stay put!
Take Care!
It is still in announcing mode. Meaning, Qualcomm will announce the job cuts after the board has quarterly reports of performance and stuffs in their hands.
Recently the giant reported a 46% drop in second quarter profits and is in serious struggle to rise up against Taiwan MediaTek. Qualcomm can also shift its R&D to India for more cost cutting.
Qualcomm has also been under pressure from Hedge Funder Jana Partners to spin-off the chip business, from its highly profitable patent-licencing business.
Let us watch out for Qualcomm and its activities. Till then stay put!
Take Care!
