Qualcomm Makes California Job Cuts in Effort to Reduce Costs (1)

Qualcomm Inc., the largest maker of chips that run smartphones, is reducing its workforce to cope with lackluster demand for its main product.

The company is eliminating 1,258 positions in San Diego and Santa Clara, California, according to submissions to the California Employment Development Department. A Qualcomm representative declined to comment on the overall size of the reductions to its 50,000 workforce.

More than 750 of the positions being eliminated are from Qualcomm’s engineering ranks, including at levels from director down to technician. The rest of the cuts will come from a broad range of roles such as internal ...