If Qualcomm is reportedly cutting jobs of 1,000 workers, it would affect about 3% of the global workforce of the company. Most of these layoffs will take place in California, but Bloomberg reports that there will be some losses in other locations.
The company went on to specify that it plans to offer severance payments to those affected.
According to the sources who spoke with the publication, the cuts are part of a "broader" effort that could see Qualcomm eliminate even more positions outside the state. Companies are required to file and notify when they show pink slips to 50 or more employees within a period of 30-day. Broadcom's attempt to takeover was shot down by President Trump after he intervened in the potential merger, blocking it in the interest of national security.
The company said it initially evaluated cost cuts that would have avoided layoffs, "but we concluded that a workforce reduction is needed to support long-term growth and success, which will ultimately benefit all of our stakeholders".
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Despite Broadcom's failure to acquire Qualcomm, the chip maker is still accountable for its pledge to investors.
It's also received confirmation from Qualcomm, which admitted that both full and part-time workers would be laid off as part of cost reduction measures first announced in January.
The company - which employs 33,800 people worldwide, including about 13,000 in San Diego - has said it is looking to cut about $1 billion from its operating expenses to help boost earnings.