With the right insurance strategy, individuals and families can effectively manage their healthcare expenses while ensuring quality care
The San Diego-based wireless giant had plan to trim 1,231 jobs in San Diego and 269 at its offices in San Jose and Santa Clara in mid-June, Xinhua reported.
Workers were told of the layoffs on Wednesday. A company spokesperson was quoted as saying that this move, a reduction of full-time and temporary workforce, is a part of the cost reduction plan announced in January, and the company found it is necessary to support long-term growth and success after evaluated other plans.
According to the San Diego Business Journal, Qualcomm filed a Worker Adjustment and Retraining Notification (WARN) notice with the state of California on Thursday stating 1,500 employees in the state will be terminated on or about June 19, 2018.
The regulation of the US Department of Labor Employment and Training Administration shows, a WARN notice must be given by the employer, "if there is to be a mass layoff which does not result from a plant closing, but which will result in an employment loss at the employment site during any 30-day period for 500 or more employees".
The company pledged to cut costs earlier this year as part of its effort to fend off a hostile takeover attempt from chip rival Broadcom.
The Donald Trump administration blocked Broadcom's buyout on national security grounds, but Qualcomm investors were frustrated by its lagging share price and poor financial performance relative to its semiconductor peers.
With the right insurance strategy, individuals and families can effectively manage their healthcare expenses while ensuring quality care
Germany will be the home nation for the 17th European Football Championship, which kicks off in June
People of determination and senior citizens participated in the initiative to ensure cleanliness and safety of public spaces
Residents laud the authorities for their swift response and efficient handling of unstable weather conditions on Thursday
Ultra-luxury developments show strong growth in Q1 as demand hits all-time high
The warning by Gallant Knight 3 is in response to a link entitled 'Compassion for Gaza' circulating
Tremors were felt by residents of the northern part of the province, including the capital Quetta
From streamlining administrative tasks to enhancing patient care, AI is revolutionising the way healthcare is delivered