Qualcomm Begins Layoffs In India: How Many Jobs Are At Risk? Severance Package And Employee Benefits Explained
\n\nUS-based semiconductor and wireless technology firm Qualcomm has begun implementing workforce reductions in India. The first round of layoffs has begun in its Bengaluru facility as per reports. The layoffs in India follow job cuts in the US, with the implementation expected to be conducted in phases across the firm's operations. As per reports, the US-based chipmaker is going through a global workforce restructuring.
\n\nAs per reports the global restructuring could impact as much as 7 percent of Qualcomm's workforce. The company has now begun implementing workforce reductions in India as part of a broader global restructuring exercise. The first round of layoffs reportedly began at its Bengaluru facility, with around 1,000 or more jobs initially estimated to be at risk. However, subsequent reports suggest the actual number of affected employees could be lower, and Qualcomm has not officially confirmed the India headcount. The development follows an internal communication from CEO Cristiano Amon describing the exercise as a performance-focused workforce reduction.
\n\nQualcomm CEO Cristiano Amon was quoted by Reuters as stating in a memo last month, "as we have expanded the business, so…
Original source: https://www.timesnownews.com/business-economy
