Qualcomm, other Bay Place giants reduce hundreds of careers

Qualcomm is slashing 1,258 work opportunities in California, together with practically 200 in the Bay Location, in the most current tech layoffs to hit the area.

Qualcomm claimed in point out filings that it will lay off somewhere around 194 employees in its Santa Clara workplaces and an additional 1,094 staff members at its San Diego headquarters. The cuts are slated to begin Dec. 13, based on a recognize submitted to condition officials this week.

The position cuts stand for around 2.5% of Qualcomm’s workforce and mark the next round of layoffs for the semiconductor manufacturer this year. In May well, it laid off far more than 400 staffers at its Southern California offices and 84 in the Bay Location.

According to its most the latest yearly economical filing report in September 2022, Qualcomm has 51,000 workers.

Its previous quarterly earnings report predicted place of work reductions.

“Given the ongoing uncertainty in the macroeconomic and need ecosystem, we hope to choose additional restructuring actions to empower ongoing investments in important advancement and diversification opportunities,” the organization wrote. 

In separate filings, the San Francisco economic tech firm LendingClub Corp. claimed Thursday it designs to reduce its workforce by 172 people, representing all around 14% of its workers. 

In a letter to point out and city officers, the firm said it will start off the layoffs on Nov. 1 on a rolling basis through Dec. 5. All employees will obtain a severance deal that consists of a bare minimum of 60 days foundation pay out and gains, the corporation claimed. 

“We apologize that we were not able to provide you with much more advance recognize of this action,” Tina Wilson, chief folks officer of LendingClub Corp. wrote. “These business enterprise conditions have been not moderately foreseeable as of the time that notices would have been expected. Right after examining our staffing and business demands, we are supplying this see to you at the earliest doable time.”

The business beforehand lower 225 positions in January.

Offer chain application startup Flexport, also based mostly in San Francisco, declared it will lay off about 20% of its workforce starting off Friday.


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