Qualcomm says it will cut $1.4 billion in spending, along with 15 percent of workforce
News
published
The news from Qualcomm's latest quarterly financial results is not good for the mobile processor maker. It has announced plans to cut its spending by $1.4 billion, along with about 15 percent of its workforce.
The company stated:
Qualcomm has previously stated in April that it was cutting its revenue predictions for the second half of its fiscal year due to lower sales of its Snapdragon processors to smartphone companies.
Source: Qualcomm
Be an expert in 5 minutes
Get the latest news from Android Central, your trusted companion in the world of Android
Most Popular
LATEST ARTICLES