11/7/2023 0 Comments Sentinel tribune ohioQualcomm declined to confirm whether there have been other workforce reductions at other locations as part of the latest cost-cutting effort. The Daily Sentinel-Tribune 41,837 Pages 1906-1926 Pemberville Leader 33,891 Pages 1889-1961 Daily Sentinel 22,615 Pages 1890-1906 Weekly Beacon 18,819 Pages 1886-1941 Bradner Advocate 17,383 Pages 1894-1954 The Wood County Democrat 14,321 Pages 1890-1924 Wood County Republican 9,560 Pages 1918-1945 Wood County Sentinel 9,133 Pages 1868. In addition to this week’s job cuts in San Diego, Qualcomm reported in a WARN notice that it will be reducing its headcount by 194 people at six Santa Clara offices. “Since it remains difficult to predict the timing of a sustained recovery and customers remain cautious with purchases, we continue to operate under the assumption that inventory drawdown dynamics will be a factor through the end of the calendar year,” Palkhiwala said during the earnings call. The company cited tougher economic conditions this year and a slower financial recovery in China, a major market for smartphones powered by Qualcomm chips.ĭuring Qualcomm’s August earnings call, chief financial officer Akash Palkhiwala said that the company’s revenue growth next fiscal year hinges heavily on the “macroeconomic environment, global handset units, and China recovery.” In Qualcomm’s most recent quarter, it projected that phone sales would be down compared to last year. Sentinel-Tribune: Published every day, except Sunday and Monday and six legal holidays, by the Sentinel Co. Ohio and West Virginia news, sports, events, schools, and local advertising. Those job cuts resulted from a global slump in smartphone sales. News for Gallipolis, Pomeroy, Point Pleasant and Mason towns. This business is working in the following industry: Information service. This is Qualcomm’s largest local layoff in recent months the firm previously cut a combined 647 jobs in three smaller rounds of layoffs since December. Sentinel Tribune is located in Bowling Green, Ohio, and was founded in 1867. Qualcomm employs approximately 12,000 people in San Diego and has a global workforce of more than 51,000 people as of Sept.
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