Qualcomm Incorporated, also referred to as Qualcomm, is a multinational semiconductor, microchip and software corporation headquartered in California, USA. The company was founded in 1985 with multiple patents critical to mobile communication standards like WCDMA, 4G, and 5G etc.
According to recent reports, Qualcomm has announced plans to lay off over 1200 employees in a bid to reduce cost across the organization. The software company is reportedly struggling to maintain a positive revenue and it looks to reduce its overhead spend in its San Diego and Santa Clara offices.
