Qualcomm to Lay off Over 1200 California Workers

CNN Business2023-10-13

Qualcomm, one of the largest microchip manufacturers globally, is scaling back its workforce.The San Diego, California-based company will be laying off about 1258 roles in California, according to a ...

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Qualcomm is also the chip supplier for the newly announced Meta Quest 3.But in an August call with analysts, Chief Financial Officer Akash Palkhiwala warned that the company would be taking proactive measures to cut costs as the company faces shrinking revenue.“Given our commitment to operating discipline, we will proactively implement additional cost actions,” Palkhiwala said on the August call. “Until we see sustained","collect":0,"end_time":0,"defaultTopTitle":"cnn.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"QCOM":"高通"},"translate_title":"高通公司将解雇1200多名加州工人","themeId":"95e3e7595ac2407d82a2e646db9ba6e0","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"QCOM":1},"content_text":"Qualcomm, one of the largest microchip manufacturers globally, is scaling back its workforce.The San Diego, California-based company will be laying off about 1258 roles in California, according to a filing with the California Employment Development Department. 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Qualcomm is also the chip supplier for the newly announced Meta Quest 3.But in an August call with analysts, Chief Financial Officer Akash Palkhiwala warned that the company would be taking proactive measures to cut costs as the company faces shrinking revenue.“Given our commitment to operating discipline, we will proactively implement additional cost actions,” Palkhiwala said on the August call. “Until we see sustained signs of improving fundamentals, our operating framework does not assume an immediate recovery.”","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":7,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2375959996"}