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QCOM Inc. is cutting jobs to increase profitability and reduce operating costs.
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Qualcomm Incorporated (NASDAQ: QCOM) stock’s 52-week trading range is around $101 – $140.
Qualcomm Incorporated (NASDAQ: QCOM) announced that it will be releasing the results for Q4 and fiscal 2023 on November 3rd, 2023. The company will release its financial results for the last quarter and the whole year after the market closes on that day.
Moreover, in an attempt to increase profitability, Qualcomm is cutting jobs in California. This will result in over 1,200 job losses which equates to about 10% of their workforce. This move is a part of their plan to cut operating costs and generate more revenue. When compared to others in its market, QCOM stock has a low valuation but a strong presence in the 5G sector.
Therefore, investors may react differently to news about QCOM shares depending on how they perceive it. If the earnings report shows positive results. it will de
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