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Qualcomm announces new job cuts amidst slow smartphone sales

News Snapshot:

Amidst economic hurdles, 2023 has been the year where almost every company has laid off a significant portion of their workflow. Now, in a recent development, Qualcomm has announced significant job cuts as it aims to reduce expenses in light of a persistent slowdown in smartphone sales. As per the Worker Adjustment and Retraining Notification Act (WARN) paperwork, the company has not only eliminated 415 positions at its San Diego headquarters but also let go of 84 employees at the Bay Area office. Amongst the layoffs, the engineering department was the most affected, with approximately 300 positions eliminated, as indicated…

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