Qualcomm set to cut dozens of jobs in Israel in new round of layoffs
The U.S. chip giant, which acquired Israeli startup Cellwize for $350 million last June, employs 700 people in Israel out of its total workforce of 12,500 employees
Meir Orbach | 18:29 25.01.2023
Semiconductor powerhouse Qualcomm is set to lay off dozens of employees in Israel. Qualcomm, which employs around 700 people in Israel and a total of 12,500 worldwide, laid off 153 people in San Diego at the end of last year.
Full list of Israeli high-tech layoffs in 2022-23
The new round of layoffs in Israel and the U.S. is set to go ahead during February. Qualcomm has two R&D centers in Israel, in Haifa and Hod Hasharon, and is also active in the country through its investment arm Qualcomm Ventures.
Qualcomm acquired Israeli startup Cellwize for $350 million last June and has purchased several other Israeli companies in the past, including paying $300 million for Wilocity in 2014 and $45 million for CSR Israel’s imaging unit.