Qualcomm Inc. is slashing at least 1,500 jobs in California, trying to cut costs, at the same time its $44-billion bid to acquire NXP Semiconductors is running into problems getting antitrust clearance from China.
The San Diego company, a leading provider of chips for mobile phones, said the layoffs included permanent and temporary workers.
The company — which employs 33,800 people worldwide, including about 13,000 in San Diego — has said it is looking to cut about $1 billion from its operating expenses to help boost earnings. It began notifying employees of the layoffs Wednesday. On Thursday, it revealed through a government-mandated notice that it is laying off 1,231 workers in San Diego and 269 in the Santa Clara and San Jose area.View Article