look news india
The process of layoffs continues in the world's leading companies and especially in the IT sector. Companies from Microsoft to Google have already laid off thousands of employees this year. Now a new name has been added to the list of companies that are laying off employees, smartphone chipmaker Qualcomm.
Chip manufacturer gave information in the notice
According to the information, Qualcomm, one of the leading companies making smartphone chips, is going to layoff people. The burden of layoffs will fall on 226 employees of the company. The company has provided this information under the California WARN (Employee Adjustment and Retraining Notification) Act. According to the information given ten weeks ago, this layoff is going to be effective in the week starting from November 12.
The company told the reason for the layoffs
According to the information received, a company official said that this layoff is being done due to a change in the business strategy. As a normal business process, we prefer to align our investments, resources and talent in this way. We can make the most of the untapped opportunities of diversification.
There have been a lot of layoffs this year
Earlier, big companies like Intel, Cisco and IBM had done layoffs during the month of August. Intel announced layoffs of 15,000 employees. Whereas Cisco was informed about the decision to lay off six thousand employees and IBM was informed about the decision to lay off one thousand employees. During the month of August, different companies have laid off 27 thousand employees. With this, the number of layoffs this year has crossed one lakh 36 thousand.