Qualcomm’s Shanghai research and difference between eroticism and intimacydevelopment center may undergo layoffs, with compensation for employees ranging from N+4 months’ salary (N being the employee’s years of seniority) to a maximum of N+7 months’ salary, according to a Sept. 20 report by Tencent News. Qualcomm primarily focuses on the development and sales of smartphone chips. However, the company experienced a reduction in revenue this year due to the decrease in global smartphone shipments and strong competition from its rivals such as MediaTek, the report said. In the third quarter of 2023, the company saw a 23% year-on-year decrease in revenue with $8.451 billion and a 52% year-on-year decrease in net profit with $1.803 billion. During the release of its Q3 financial report in August, Qualcomm CEO Cristiano Amon said in a conference call with analysts that Qualcomm would continue to reduce costs, and layoffs were one of the measures. [Tencent News, in Chinese]
Related Articles
2025-06-27 06:50
791 views
Donald Trump talked about space and Buzz Aldrin's face says it all
Donald Trump's bizarre ceremony to bring back the National Space Council had a lot of people wonderi
Read More
2025-06-27 06:38
2911 views
The 10 most streamed movies of the week. Half are...extremely average.
So,what's everyone been watchingthis week? Well, a lot of people are streaming Kenneth Branagh's Aga
Read More
2025-06-27 05:05
667 views
'Wordle' alternatives for movie fans: 'Framed' and 'Actorle'
Can't get enough of Wordle? Try Mashable's free version now I
Read More