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Qualcomm to Cut 1,300 Jobs in San Diego

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Sep 18, 2015, 7:11 AM   by Eric M. Zeman

Qualcomm on Thursday sent termination notices to about 1,300 workers at its San Diego headquarters. The company gave affected workers 60-days notice, listing Nov. 20 as their last day with the company. Qualcomm confirmed it is also cutting 158 jobs in Boulder, Colo., 130 in San Francisco, and 65 in Andover, Mass. In July, the company said it planned to cut about 15% of its 31,300 employees by the end of the year, but it didn't detail what facilities might be impacted. Qualcomm said it is providing employees with severance packages. Qualcomm has faced mounting pressure in the mobile processor market and recently suffered legal setbacks in China.

Associated Press »


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Sep 18, 2015, 11:35 AM

More Proof

The economy is doing great! The media will spin it that the more companies lay off, the better they are doing. The more companies cut their staff, the better the economy is and the higher Wall Street stocks will go. The stock market hasn't gone up at all since 2009 from great earnings or record output. It's been going up due to the government dumping tens of billions of dollars into it each month.
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