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12/8, 3:54 AM (Source: TeleTrader.com)
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Qualcomm-0.83%

57.61
Chart for: QUALCOMM Incorporated

Qualcomm laid off 269 employees in US - report

Qualcomm Incorporated laid off 269 employees in its latest move to cut down on the operating costs, local media reported.

The company dismissed 144 workers in Raleigh, North Carolina and 125 in San Diego, California. Most of the employees were working in the chipmaker's data center units, the documents seen by the media state.

"Qualcomm is reducing our investments in the data center business but remains committed to business obligations and upcoming compute opportunities at the edge of 5G networks and AI inference cloud solutions," a spokesperson for the company told the Information.

Breaking the News / MD