Qualcomm Shares Rise 1% as Reuters Reports Possible November Layoffs
Qualcomm shares rose 1% Tuesday morning after Reuters reported the company plans workforce reductions following annual employee reviews in November. CEO Cristiano Amon outlined a performance-focused reduction in an employee memo, the report said.
Qualcomm (NASDAQ: QCOM) shares gained 1% Tuesday morning after Reuters reported that the chipmaker plans to cut jobs following its annual employee reviews in November. Reuters said Chief Executive Cristiano Amon described the performance-focused workforce reduction in a memo to employees.