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Layoffs At Qualcomm: Over 1200 Positions On Chopping Block As Smartphone Chip Demand Takes A Dive
Thursday, October 12, 2023 - 5:04pm | 371In the face of dwindling demand for its core product, smartphone chip manufacturing giant Qualcomm Inc. (NASDAQ:QCOM) has declared sizable job reductions. What Happened: As reported by Bloomberg, Qualcomm will be laying off 1,258 employees, primarily in its San Diego and Santa Clara...
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Canada Jobs Report Shows Staggering Losses For Trucking From COVID-19
Friday, May 8, 2020 - 3:26pm | 663It just keeps getting worse for Canada's trucking industry during the COVID-19 pandemic. Even as freight volumes recover, the job losses are staggering. Canada's transportation and warehousing sector shed 102,800 jobs in April, or about 10.4% of the workforce, federal jobs data released Friday...
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Cheap Oil Is Being Blamed For 200,000 Job Cuts
Friday, August 5, 2016 - 11:31am | 307Oil prices staged a brief rebound for part of 2016, but have been in a bearish trend since June. After topping $50 per barrel in June, WTI crude is now flirting with the $40 per barrel mark and were seen trading below its 200-day moving average. Oil bulls aren't the only ones worried about...