Qualcomm Shares Slip 0.8% After Report of Possible November Layoffs
Qualcomm shares fell 0.8% in premarket trading after Reuters reported the company plans workforce reductions following annual employee reviews in November. CEO Cristiano Amon outlined the reduction in a memo to employees.
Qualcomm (NASDAQ: QCOM) shares declined 0.8% in premarket trading Tuesday after Reuters reported that the chipmaker plans to cut jobs following its annual employee reviews in November. The report cited a memo to employees from Chief Executive Cristiano Amon, who described the reduction as performance-focused.