Qualcomm will cut 1,500 jobs in California, the majority at the chipmaker’s San Diego headquarters, according to Bloomberg, citing documents filed with the state.
Some 1,231 positions will be eliminated in San Diego with terminations starting about June 19, the company said in a WARN, or Worker Adjustment and Retraining Notification, notice. Companies are required to make such a state filing when they reduce their workforce by 50 or more employees within a 30-day period. At the same time, about 269 workers will lose their jobs at the company’s Santa Clara and San Jose locations.
The largest maker of smartphone chips 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. Qualcomm’s management team now must live up to its vow and work to solve other problems that have hampered revenue and profit growth. Annual sales have fallen every year since 2015 and are projected to decline 3 percent in fiscal 2018.
When the largest amusement park in Germany, Europa-Park, began constructing its new Croatia area, it found inspiration in Rimac hypercars and technology for its new rollercoaster – the Voltron Nevera Powered by Rimac.
Following the end of the public delisting acquisition offer for Telefónica Deutschland, Telefónica holds approximately 96.85% of the shares in its German subsidiary.
Infobip Shift Miami, the American version of the Croatian developer conference, this week brought together a diverse technology-sector audience on the shores of Florida.
