Weakened by a slowing smartphone market and the initial problems with its SnapDragon 810 chip, the Qualcomm group announces that it wants to cut 15% of its workforce in an effort to save $ 1.4 billion while a split remains under study.
The specialist in mobile connectivity components Qualcomm darkened as a result of the slowing smartphone market, increased competition and a platform SnapDragon 810 top of the range which did not keep all its promises.
Shareholder pressure has therefore increased to demand cost reductions and again bringing to light the possibility of a split. On the first point, the American giant will follow their advice by announcing the 15% removal of its total workforce (just over 30,000 people), beyond the 10% expected, in order to save $ 1.4 billion and cuts among its subcontractors.
The CEO of the group, Steve Mollenkopf, also continued to indicate that group split in two areas (licensing and component design) was still under study. The investment fund Jana Partners, which holds more than $ 2 billion stake in Qualcomm and calls for these measures, will finally get a place on the board of directors.
