[New post] Qualcomm to make $1.4 billion in cuts, restructure board after disappointing year

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Wednesday, 22 July 2015

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Cam Bunton posted: " Qualcomm, the company behind the all-conquering Snapdragon processors, said today that it will cut $1.4 billion in costs and restructure its board after being pressured by an activist investor to make changes. The move could see the chip-maker cut tho" Respond to this post by replying above this line New post on 9to5Google Qualcomm to make $1.4 billion in cuts, restructure board after disappointing year by Cam Bunton Qualcomm, the company behind the all-conquering Snapdragon processors, said today that it will cut $1.4 billion in costs and restructure its board after being pressured by an activist investor to make changes. The move could see the chip-maker cut thousands of jobs as it seeks to streamline its operations. Qualcomm's revenue is significantly lower than it was 12 months ago, and its chip business isn't the powerhouse it used to be. Read more of this post Cam Bunton | July 22, 2015 at 2:04 pm | Tags: Android, Chairman, Exynos (system on chip), Qualcomm, Samsung, Samsung Galaxy, smartphones, Snapdragon | Categories: Android | URL: http://wp.me/p1w6tN-tzo Comment    See all comments Unsubscribe to no longer receive posts from 9to5Google. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: http://9to5google.com/2015/07/22/qualcomm-cuts-board-restructure/ Thanks for flying with WordPress.com