Cristiano Amon, president and CEO of Qualcomm, speaks during the Milken Institute Global Conference in Beverly Hills, California, May 2, 2022.
Qualcomm is cutting about 1,258 jobs in offices in two of its California locations, according to recent filings with the California Employment Development Department.
The semiconductor manufacturer notified the state Wednesday that it would be eliminating roughly 1,064 of its San Diego employees and 194 of its Santa Clara employees.
"Given the continued uncertainty in the macroeconomic and demand environment, we expect to take additional restructuring actions to enable continued investments in key growth and diversification opportunities.
We currently anticipate these additional actions to be substantially completed in the first half of fiscal 2024."
Persons:
Cristiano Amon
Organizations:
Qualcomm, Milken Institute Global Conference, California Employment Development Department, San Diego, Santa Clara, CNBC
Locations:
Beverly Hills , California, California