It's not easy being a chip and component maker in the smartphone industry and trying to turn a profit when competitors are driving the prices down to a point where an entire phone can cost somewhere around $50. It's even harder when the high-end market is being governed by a few players, the major one of whom decides to "dump" your chips and use their own for its flagship.
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[Update: Layoffs Confirmed As Part Of Cost-Cutting Plan] Qualcomm Could Lay Off More Than 10% Of Its 30,000 Employees In Its Second-Quarter Earnings Announcement
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