The company is reportedly thinning out its middle-management ranks in an attempt to save cash. November 21, 2013 9:33 AM PST (Credit: Jason Jenkins/CNET) Qualcomm, which has most recently gained notoriety for mobile processor, but builds a wide array of mobile components, is laying off some of its employees, a new report claims. The company is currently thinning out its middle-management ranks, GigaOm reported on Thursday, citing people who claim to have knowledge of its plans. Many of the cuts have come at the vice president level and down, and a single division saw 100 people lose their jobs, GigaOm's sources claim. Qualcomm was seemingly performing well in the mobile space, with its Snapdragon processor making its way to several devices. However, the company is one of several mobile chip makers and is feeling increased pressure on pricing. That could have resulted in some issues. CNET has contacted Qualcomm for comment on the GigaOm report. We will update this story when we have more information.
The company is reportedly thinning out its middle-management ranks in an attempt to save cash.
(Credit: Jason Jenkins/CNET)
Qualcomm, which has most recently gained notoriety for mobile processor, but builds a wide array of mobile components, is laying off some of its employees, a new report claims.
The company is currently thinning out its middle-management ranks, GigaOm reported on Thursday, citing people who claim to have knowledge of its plans. Many of the cuts have come at the vice president level and down, and a single division saw 100 people lose their jobs, GigaOm's sources claim.
Qualcomm was seemingly performing well in the mobile space, with its Snapdragon processor making its way to several devices. However, the company is one of several mobile chip makers and is feeling increased pressure on pricing. That could have resulted in some issues.
CNET has contacted Qualcomm for comment on the GigaOm report. We will update this story when we have more information.
