{"id":48765,"date":"2023-10-13T08:27:21","date_gmt":"2023-10-13T08:27:21","guid":{"rendered":"https:\/\/forum.sbenny.com\/blog\/technology\/smartphones\/smartphone-news\/qualcomm-is-cutting-more-than-1200-jobs-due-to-the-market-slowdown\/"},"modified":"2023-10-13T08:27:21","modified_gmt":"2023-10-13T08:27:21","slug":"qualcomm-is-cutting-more-than-1200-jobs-due-to-the-market-slowdown","status":"publish","type":"post","link":"https:\/\/forum.sbenny.com\/blog\/technology\/smartphones\/smartphone-news\/qualcomm-is-cutting-more-than-1200-jobs-due-to-the-market-slowdown\/","title":{"rendered":"Qualcomm is cutting more than 1,200 jobs due to the market slowdown"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"review-body\">\n<p>Qualcomm will cut 1,258 jobs at two offices in California, documents filed with the California Employment Development Department reveal.  The chip company revealed that 1,064 jobs will be eliminated in San Diego, where its headquarters is located, and another 194 in its Santa Clara offices.<\/p>\n<p>Qualcomm currently has over 51,000 employees, so it will let go of 2.5% of its workforce.  The main reason for the job cuts is declining revenue after the chip business stagnated in the company&#8217;s fiscal third quarter.<\/p><div id=\"forum-728474704\" class=\"forum-content-2 forum-entity-placement\">\t\t<div class=\"ad-wrapper\" style=\"width:100%;min-height:250px;text-align:center\">\r\n\t\t\t<!-- In Article Blog -->\r\n\t\t\t<ins class=\"adsbygoogle\"\r\n\t\t\t\t style=\"display:block; text-align:center;\"\r\n\t\t\t\t data-ad-layout=\"in-article\"\r\n\t\t\t\t data-ad-format=\"fluid\"\r\n\t\t\t\t data-ad-client=\"ca-pub-3476569516614521\"\r\n\t\t\t\t data-ad-slot=\"9829044906\"><\/ins>\r\n\t\t\t<script>\r\n\t\t\t\t (adsbygoogle = window.adsbygoogle || []).push({});\r\n\t\t\t<\/script>\r\n\t\t<\/div><\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"inline-image\" width=\"1200\" height=\"749\" alt=\"Cristiano Amon, President of Qualcomm\" src=\"https:\/\/forum.sbenny.com\/blog\/wp-content\/uploads\/2023\/10\/Qualcomm-is-cutting-more-than-1200-jobs-due-to-the.jpg\"><br \/>\n<span><strong>Cristiano Amon, President of Qualcomm<\/strong><\/span><\/p>\n<p>The jobs will be released by December 13 and further restructuring changes will be made, Qualcomm revealed in the statement.  These actions will be taken in the fourth quarter of fiscal 2023, which is the start of calendar 2024.<\/p><div id=\"forum-2609826669\" class=\"forum-content forum-entity-placement\">\t\t<div class=\"ad-wrapper\" style=\"width:100%;min-height:250px;text-align:center\">\r\n\t\t\t<!-- In Article Blog -->\r\n\t\t\t<ins class=\"adsbygoogle\"\r\n\t\t\t\t style=\"display:block; text-align:center;\"\r\n\t\t\t\t data-ad-layout=\"in-article\"\r\n\t\t\t\t data-ad-format=\"fluid\"\r\n\t\t\t\t data-ad-client=\"ca-pub-3476569516614521\"\r\n\t\t\t\t data-ad-slot=\"9829044906\"><\/ins>\r\n\t\t\t<script>\r\n\t\t\t\t (adsbygoogle = window.adsbygoogle || []).push({});\r\n\t\t\t<\/script>\r\n\t\t<\/div><\/div>\n<p>Qualcomm is facing declining revenues amid \u201ccontinued uncertainty in the macroeconomic and demand environment.\u201d<\/p>\n<p> Last month, analyst Ming-Chi Kuo revealed that Qualcomm could lose a major customer to Huawei;  the Chinese manufacturer purchased over 40 million SoCs in 2023, but is shifting to local partners for 2024 and beyond.<\/p><div id=\"forum-2398420858\" class=\"forum-content-3 forum-entity-placement\">\t\t<div class=\"ad-wrapper\" style=\"width:100%;min-height:250px;text-align:center\">\r\n\t\t\t<!-- In Article Blog -->\r\n\t\t\t<ins class=\"adsbygoogle\"\r\n\t\t\t\t style=\"display:block; text-align:center;\"\r\n\t\t\t\t data-ad-layout=\"in-article\"\r\n\t\t\t\t data-ad-format=\"fluid\"\r\n\t\t\t\t data-ad-client=\"ca-pub-3476569516614521\"\r\n\t\t\t\t data-ad-slot=\"9829044906\"><\/ins>\r\n\t\t\t<script>\r\n\t\t\t\t (adsbygoogle = window.adsbygoogle || []).push({});\r\n\t\t\t<\/script>\r\n\t\t<\/div><\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Qualcomm will cut 1,258 jobs at two offices in California, documents filed with the California Employment Development Department reveal. The chip company revealed that 1,064 jobs will be eliminated in San Diego, where its headquarters is located, and another 194 in its Santa Clara offices. Qualcomm currently has over 51,000 employees, so it will let [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[137],"tags":[178,375],"class_list":["post-48765","post","type-post","status-publish","format-standard","hentry","category-smartphone-news","tag-android","tag-qualcomm","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Qualcomm is cutting more than 1,200 jobs due to the market slowdown - Sbenny\u2019s Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/forum.sbenny.com\/blog\/technology\/smartphones\/smartphone-news\/qualcomm-is-cutting-more-than-1200-jobs-due-to-the-market-slowdown\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Qualcomm is cutting more than 1,200 jobs due to the market slowdown - Sbenny\u2019s Blog\" \/>\n<meta property=\"og:description\" content=\"Qualcomm will cut 1,258 jobs at two offices in California, documents filed with the California Employment Development Department reveal. The chip company revealed that 1,064 jobs will be eliminated in San Diego, where its headquarters is located, and another 194 in its Santa Clara offices. 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