Qualcomm cutting jobs to live up to promise of slashing costs [MSN Money]
QUALCOMM Incorporated (QCOM)
Last qualcomm incorporated earnings: 4/29 04:01 pm
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Source: MSN Money
(Bloomberg) -- Qualcomm Inc. has begun cutting jobs as part of the chipmaker’s promise to investors to reduce costs by $1 billion, according to people familiar with the process. Quotes in the article Qualcomm Inc QCOM ? 55.23 -0.12 -0.22% The number of positions being eliminated at the San Diego-based company is large enough that Qualcomm will have to file a so-called WARN notice, or Worker Adjustment and Retraining Notification, with the state of California, one of the people said. Companies are required to make such a filing when they let go of 50 or more employees within a 30-day period. Qualcomm has other major locations in the state and around the world. A Qualcomm representative declined to comment. The smartphone-chip maker pledged in January that it would slash $1 billion in expenses to improve earnings, part of its efforts to fight off a hostile takeover bid from rival Broadcom Inc. Shareholders we
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QCOM
Earnings
- 1/31/24 - Beat
QCOM
Sec Filings
- 4/4/24 - Form 4
- 4/4/24 - Form 144
- 4/2/24 - Form 4
- QCOM's page on the SEC website