Qualcomm: restructuring, layoffs! -Qualcomm layoffs, Qualcomm processor, Gao Tongxiao Dragon-IT news
Qualcomm: restructuring, layoffs!

On December 10, the Qualcomm spokesman today confirmed that, as part of a corporate restructuring plan focused, Qualcomm will lay off about 600 people around the world.

Prior to that, Qualcomm has been hit by a State in which the business of antitrust investigations, released lower-than-expected fiscal year 2015 and performance expectations. As part of the restructuring plan, Qualcomm's business focus to new areas.

The spokesman said, the number of layoffs in California less than 300 people. Is Qualcomm, San Diego, California (SanDiego) headquarters and several offices are located. In addition, about Qualcomm, also plans to cut 300 jobs in overseas markets.

According to Qualcomm's submission to the regulatory authorities documents showing that as of the end of September this year, Qualcomm has about 31300 full-time, part-time and temporary workers, an increase of about 300 people. The spokesman did not give the proportion of full-time employees and part-time employees of the job cuts.

The spokesman said in a statement: "we are to assess the company's business in order to determine which areas still have space to improve efficiency, so as to formulate priority issues. Sometimes, this requires us to adjust staff numbers, scale back some projects or complete removal, to initiate and develop new projects. ”

As part of this adjustment, some employees will be reassigned to other parts of the company, while the rest of the affected employees will receive severance. As to which business areas would be affected, Qualcomm also did not give details.

But Qualcomm spokesman stressed that the cuts and high throughput hit China, the United States and the European Union's antitrust investigation has nothing to do but focus adjustment as part of the company's business. After this adjustment, Qualcomm will focus in part on a specific item, to reflect the current business priority.

This year, Qualcomm has encountered some difficult challenges. From November 2013, the Chinese Government antitrust investigations against Qualcomm. Last month, Qualcomm said by the United States Federal Trade Commission (FTC) and the EU's preliminary investigation.

In the case of three investigations, the Chinese Government's investigation has proved a drag on a high throughput performance, impact of Qualcomm's licensing business (profit of companies accounted for around two-thirds) and drag on Qualcomm's fiscal 2015 performance expectations.

Qualcomm executives had previously said the investigation continues to cooperate with the Chinese Government at the same time, next year would take strong measures against some missing report of mobile phone manufacturers mobile phone sales in order to avoid licensing fees.

This year, Qualcomm's share price to fall by around 2%, while the standard and poor's 500-stock index rose 11%.