Qualcomm is to cut 1,500 jobs in California as it plans to reduce costs by $ 1bn a year , with 1,231 to work in San Diego and 269 in San Jose and Santa Clara . A building on the Qualcomm campus is seen, as chip maker Broadcom Ltd announced an unsolicited bid to buy peer Qualcomm Inc for $103 billion, in San Diego, California, U.S. November 6, 2017. The announcement followed Qualcomm 's January commitment to make cost reductions across its business in an attempt to get investor support to fight off a hostile bid from Broadcom . However , the US government has since blocked Bell 's bid on the grounds of national security .
Qualcomm is to cut 1,500 jobs in California as it plans to reduce costs by $ 1bn a year , with 1,231 to work 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 fight off a hostile bid from Broadcom . However , the US government has since blocked Bell 's bid on the grounds of national security .