US chipmaker Qualcomm starts India job cuts, over 1,000 employees likely to be impacted
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Qualcomm started laying off employees in India on November 9, with over 1,000 workers likely to be impacted.
- ✓The cuts began in Bengaluru and will reach Hyderabad, Delhi NCR, and Chennai.
- ✓The company said the move follows a global restructuring plan announced by chief executive Cristiano Amon on October 20.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Moneycontrol.com
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
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Qualcomm has begun laying off employees in India, starting with its Bengaluru operations on November 9, as part of a global workforce restructuring that could affect around 1,000 employees across the country, according to people familiar with the developments.
The first round of layoffs has impacted senior engineers and employees with several years of experience at the US-based semiconductor company. The exercise is expected to extend to Qualcomm’s engineering and research facilities in Hyderabad, Delhi NCR and Chennai in the coming days, sources close to the development told Moneycontrol.
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Moneycontrol.com
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