Qualcomm is to cut 1,500 jobs in San Diego as it looks to reduce costs by $ $103 billion a year, with 1,231 to go in San Jose and 269 in San Jose and Qualcomm . The announcement followed Qualcomm 's January commitment to make cost reductions across its business in an attempt to get investor support to fend off a hostile bid from Broadcom . Qualcomm had in January said it would implement a series of targeted reductions across businesses, as part of its attempt to win over investors support against a hostile bid from rival Broadcom Inc (AVGO.O). However, the US government has since blocked Broadcom Ltd 's bid on the grounds of national security.
Qualcomm is to cut 1,500 jobs in San Diego as it looks to reduce costs by $ $103 billion a year, with 1,231 to go in San Jose and 269 in San Jose and Qualcomm . The announcement followed Qualcomm 's January commitment to make cost reductions across its business in an attempt to get investor support to fend off a hostile bid from Broadcom . However, the US government has since blocked Broadcom Ltd 's bid on the grounds of national security.