Qualcomm to fire 1200 in India despite $9.9 billion revenues

Qualcomm may cut 600 to 1,200 jobs in India as part of a global restructuring, according to industry estimates. The potential reductions could affect 3% to 6% of its approximately 20,000 Indian employees. Global notifications are expected to begin in November after annual performance reviews. The company is facing pressure in the smartphone market.