Back in late July, the Qualcomm Corporation - employer of over 30,000 individuals at the time - began the process of telling about 15% of those people (eg, over 4,000 gainfully-employed human beings) they were no longer needed. This was after already cutting another 1500 jobs in late 2014.
The company's stock is currently trading near 2-year lows, and while obviously still a very robust company, Qualcomm can't keep putting in these kinds of numbers if it's going to maintain its position at the tippy-top of the smartphone chipset market.
Qualcomm (QCOM - NASDAQ) stock is down over 10% year-to-date. It is down over 20% from its peak, reached in early 2014.Read More