: Qualcomm trimming workforce by 2.5% with California job cuts

Qualcomm Inc. QCOM will cut about 2.5% of its workforce in December with job cuts centered in California, the chip maker reported in filings to regulators. In filings with the California Employment Development Department on Thursday, Qualcomm said it planned to eliminate 1,064 positions in San Diego, and 194 in Santa Clara, Calif., with the cuts occurring in mid-December. Qualcomm last reported having 51,000 employees globally. Back in August, Qualcomm warned that revenue growth would depend upon a recovery in mobile sales and sales in China.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.