Qualcomm is laying off hundreds of workers in San Diego and the Bay Area's Santa Clara, the chipmaker and Apple rival told state officials Wednesday.
Qualcomm, the tech giant known best for its dominance of the smartphone chip industry, is laying off 1,258 California workers, according to documents submitted to the California Employment Development Department. The documents — known as WARN notices after the Worker Adjustment and Retraining Notification Act, which mandates companies give 60 days’ notice to employees before they are let go — were filed Wednesday.
The job cuts come amid wider tech industry cutbacks this year, and shrinking revenues at the chipmaker, specifically. Qualcomm makes billions of dollars a year from the design and sale of smartphone chips, but lower demand for the devices has eaten away at profits. Meanwhile, Apple is fighting to develop its own version of a cellular modem chip and end its longtime reliance on Qualcomm, with whom the Cupertino company has battled in court and in the press.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Site of huge Bay Area housing project is seized in loan foreclosureThe future for a huge Oakland housing development has turned murky now that a lender has seized the project site in a loan foreclosure.
Read more »
Judge: Driving car into Bay Area cop wasn’t attempted murderA defendant wasn’t trying to murder a Vallejo police officer when he drove a car into the officer during a burglary this summer, a judge said Tuesday.
Read more »
Bay Area News Group high school football predictions: Week 8, 2023Our guys weren’t unanimous in their picks for the big De La Salle at San Ramon Valley game. Who took SRV to end DLS’s 32-year NCS unbeaten streak?
Read more »
Saturday’s solar eclipse in the Bay Area: What it will look likeHow much of the sun will be covered in the Bay Area, and other questions answered.
Read more »
Bay Area arts: 8 great live shows and concerts to see this weekendFrom Alonzo King LINES Ballet to free SF Music Day to a musical satire about Disney princesses, there is a lot to see and hear in the Bay Area.
Read more »
Bay Area Jews, Palestinians fear backlash from Middle East warBay Area Jews and Palestinians fear they'll be targeted for reprisals due to ongoing Middle East war.
Read more »