Samsung is said to reduce its workforce by 5% in India over the next few months according to the latest report. The lay offs will mainly affect the managerial-level executives and factory and blue-collar workers.
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Qualcomm has announced that it reported $1.2 billion in net income during the third fiscal quarter of 2015, down from $2.2 billion a year ago. The company also said that it is reducing its workforce by 15%.
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