Qualcomm to lay off 1,500 employees in US to cut expenses
US-based chipmaker Qualcomm is set to lay off 1,500 employees in California, US, as a part of its plan to cut annual costs, filings have revealed. A Qualcomm spokesperson said the company considered reducing costs without layoffs but concluded the cuts were required to support long-term growth. Qualcomm announced the plan to reduce the costs by $1 billion in January.