Tech / Tech News

Qualcomm Starts Major Wave Of Layoffs & Outsourcing: Report

Posted On: Sep 16, 2018   |   Posted By: Android Headlines

In short: Qualcomm started a major wave of layoffs and at least several outsourcing initiatives, multiple sources claim. The company's Layoff.com profile recently lit up with posts from people claiming to be its employees and reporting job cuts across the board. “Lots of US positions moving to India,” one source wrote. “BCG recommends layoffs,” said another, referring to the Boston Consulting Group, a management consulting firm which has been on Qualcomm's retainer since at least late 2015, according to the tech giant's own disclosures. One source claims even some middle management won't be spared during the layoffs, though details on the situation remain slim. By most accounts, the cuts will be made official by the end of the year, possibly in late October when Qualcomm is expected to report its quarterly financials. The company has yet to respond to a request for comment on the matter from AndroidHeadlines .
Background: Qualcomm had a rough year so far; the San Diego-based semiconductor firm spent a lot of...

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