Qualcomm has submitted documents to the California state employment agency stating that the company is preparing to lay off 1,258 employees, specifically from its offices in Santa Clara and San Diego, which account for 2.5% of its global workforce of approximately 51,000 individuals. The layoffs are expected to take effect on December 13th, and both offices will remain open.
A Qualcomm representative revealed that the company has already mentioned the possibility of layoffs in its previous quarterly report, citing uncertain global economic conditions and fluctuating orders as factors that necessitate organizational restructuring. This restructuring is intended to refocus on growing and opportunistic business areas, which includes the unfortunate elimination of some positions.
TLDR: Qualcomm is planning to lay off 1,258 employees from its Santa Clara and San Diego offices, making up 2.5% of its overall workforce. The decision comes as the company aims to adapt to economic uncertainties and prioritize areas of growth. These layoffs were previously mentioned in Qualcomm’s quarterly report.