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.
Qualcomm is to cut 1,500 jobs in California as it looks to reduce costs by $1bn a year, with 1,231 to go in San Diego and 269 in San Jose and Santa Clara. 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's bid on the grounds of national security.