• Story alerts
  • Letter to Editor
  • Pin it

The tech publication gigaom.com is reporting that Qualcomm has been trimming its ranks. Several executives at the vice-president level have been severed and others demoted, reports the publication.

At one division, there have been nearly 100 jobs cut, and there is a likelihood of further cuts. One source said that with 31,000 employees, Qualcomm has to make adjustments periodically.

The layoffs are consistent with recent statements of chief executive Paul Jacobs, who recently told securities analysts that the company will face some demand problems in 2014. Thus, Qualcomm has to "control expenses in order to deliver operating profit growth in excess of revenue growth."

This morning (Nov.22), the company had no comment.

  • Story alerts
  • Letter to Editor
  • Pin it

More from SDReader

Comments

monaghan Nov. 22, 2013 @ 10:41 a.m.

Surely Qualcomm won't be trimming its recently-hired vice president Nathan Fletcher who failed to make the mayoral run-off as a "newly-hatched " Democrat after a lifetime in the GOP and a moment or two as an Independent?

1

Don Bauder Nov. 22, 2013 @ 11:04 a.m.

monaghan: Yes, I doubt that Fletcher's head is one on the chopping block. Best, Don Bauder

0

ImJustABill Nov. 22, 2013 @ 8:58 p.m.

Does Fletcher move left every election or does he just randomly choose a party each election? Will we see him move to Green Party next? Then Socialist after that. Or maybe he'll decide to move right to Peace and Freedom? I hear even the Whig Party is making a comeback - maybe Fletcher could be their candidate.

0

Don Bauder Nov. 22, 2013 @ 9:51 p.m.

ImJustABill: I think Fletcher's move to the Democratic Party was a reflection of his Qualcomm connection. Both the senior and junior Jacobs are Democrats. Best, Don Bauder

0

ImJustABill Nov. 23, 2013 @ 6:19 a.m.

So he follows the money. Even more blatantly than most politicians.

0

Don Bauder Nov. 23, 2013 @ 7:15 a.m.

ImJustABill: More blatantly? That's one way to put it. More overtly? Certainly. Best, Don Bauder

0

Ponzi Nov. 22, 2013 @ 2:43 p.m.

I would wager that many Americans will lose their jobs, while H1-B's will remain. In fact, I would be surprised if they dismissed one H-1B.

0

Don Bauder Nov. 22, 2013 @ 4:25 p.m.

Ponzi: Young Jacobs has spent so much time lobbying for more H-1B visas that I believe you are right: the H-1Bs are safe. Best, Don Bauder

0

ImJustABill Nov. 22, 2013 @ 8:14 p.m.

So I assume this means since QCOM feels they have too many engineers they will let Congress know that they don't need any increases in H1-B Visa levels. Right?

0

Don Bauder Nov. 22, 2013 @ 9:53 p.m.

ImJustABill: Hardly. Qualcomm wants more poorly paid engineers. H-1B is the best route to that. Not only does the program provide low-paid foreign labor, it also serves to lower the wage level of American engineers. Best, Don Bauder

0

Sign in to comment

Join our
newsletter list

Enter to win $25 at Broken Yolk Cafe

Each newsletter subscription
means another chance to win!

Close