Qualcomm unveils cuts in jobs, spending

0
834

qualcomm

By www.skynews.com

Qualcomm, the world’s biggest manufacturer of mobile semiconductors, is slashing its work force by 15 per cent as part of a ‘right-sizing’ of its cost structure.
The California company also said it was making other cost-saving moves, following several months of pressure from an activist shareholder.
The job cuts would represent around 15 per cent of its workforce of about 31,000.
The moves are part of a ‘strategic realignment plan designed to improve execution, enhance financial performance and drive profitable growth’.
The plan calls for ‘aggressively right-sizing the cost structure by eliminating approximately $US1.4 billion ($A1.90 billion) in spending, including an approximately $US300 million reduction in annual share-based compensation grants’, according to a statement released on Wednesday.
“Read the Full Article at www.skynews.com.au >>>>”

ATTENTION READERS

We See The World From All Sides and Want YOU To Be Fully Informed
In fact, intentional disinformation is a disgraceful scourge in media today. So to assuage any possible errant incorrect information posted herein, we strongly encourage you to seek corroboration from other non-VT sources before forming an educated opinion.

About VT - Policies & Disclosures - Comment Policy
Due to the nature of uncensored content posted by VT's fully independent international writers, VT cannot guarantee absolute validity. All content is owned by the author exclusively. Expressed opinions are NOT necessarily the views of VT, other authors, affiliates, advertisers, sponsors, partners, or technicians. Some content may be satirical in nature. All images are the full responsibility of the article author and NOT VT.
Previous articleHeinz Endowments funding to create single-point veterans service center
Next articlePig Day