Qualcomm begins layoffs in India amid global restructuring; 1,000 jobs at risk
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Qualcomm started laying off employees in India on Monday, November 9, as part of a global restructuring.
- ✓While reports suggest 1,000 jobs are at risk, the actual number remains unclear.
- ✓CEO Cristiano Amon said, ”We must have the right people in the right roles so they can perform at their best.”
Story at a Glance
- Category
- Indian Markets
- Reported By
- CNBC TV18
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
US-based semiconductor company Qualcomm has begun laying off employees in India as part of a global workforce restructuring, with around 1,000 jobs potentially at risk, although the actual number of employees affected remains unclear.
QUALCOMM SLASHES JOBS IN INDIA
The first round of job cuts began at the company’s Bengaluru facility on Monday, November 9, according to reports. The exercise is expected to be carried out in phases across the company’s Indian operations.
However, estimates of the number of employees affected remain disputed. While estimates suggest that around 1,000 or slightly more jobs could be affected in India, sources told Investing.com that the actual number is expected to be significantly lower.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
CNBC TV18
Read the full, original unfiltered story directly on the publisher's portal.
This brief is for information only and is not investment advice. ArthNow is not a SEBI-registered investment adviser and does not publish buy or sell recommendations. Original reporting is credited to the publisher named above. Read our editorial policy or report an error.