Qualcomm cuts workforce by 15% in restructuring

Qualcomm announced on Wednesday that it would cut its workforce by 15 percent for a total of $1.4 billion in cost reductions. Wall Street had expected Qualcomm to deliver quarterly earnings per share of 95 cents on $5.85 billion in revenue, according to consensus estimates from Thomson Reuters.. Shares of Qualcomm have tumbled about 20 percent over the past 12...