Qualcomm to lay off 1,500 employees in cost-cutting move
“We concluded that a workforce reduction is needed to support long-term growth and success, which will ultimately benefit all of our stakeholders.”
“We concluded that a workforce reduction is needed to support long-term growth and success, which will ultimately benefit all of our stakeholders.”
Initially, Broadcom issued a terse press release stating that they strongly disagreed that its acquisition of Qualcomm was a threat to national security.
Given that Qualcomm powers a fair amount of Android phones, it’s easy to see why Google has concerns over the possible transaction.
According to sources close to the matter, since its November 6th unveiling of its offer, Broadcom has made several attempts in requesting meetings with Qualcomm.
“Proposal is not in the Best Interests of Shareholders and Dramatically Undervalues Qualcomm.”