Qualcomm cutting 1,314 jobs in San Diego — report

Qualcomm Inc. is cutting 1,314 full-time jobs in San Diego and hundreds more in other centers in its latest cost-cutting, The San Diego Union-Tribune reported on Friday. The wireless chip maker sent 60-days notice warnings to laid-off workers, who will have their final day on Nov. 20, the paper reported. Qualcomm said in July that it was planning to cut its workforce by 15% in the next year as it seeks to cut costs by $1.4 billion annually. The company is regrouping to cope with a maturing smart phone market.

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