Qualcomm Faces Major Job Cuts – Reports
Chipmaker Qualcomm could reportedly reveal plans to chop thousands of jobs this week as it faces up to stiffer competition, silicon delays and antitrust fines.
The Information reported that the announcement of cuts could be coming this week. The Wall Street Journal, meanwhile, reports that the company could undertake a wide-ranging review, which could consider breaking up the company.
Aside from heavy competition in the smartphone market, there have been persistent rumors of issues with its 810 Snapdragon product. Qualcomm has also agreed to pay Chinese authorities $975 million in antitrust fees and could face similar problems in the European Union (See Qualcomm to Pay $975M in China Antitrust Spat and Eurobites: Qualcomm May Face EU Antitrust Probe.)
Qualcomm will report its latest numbers on Wednesday evening.
— Dan Jones, Mobile Editor, Light Reading