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Job cuts hit Qualcomm.

Mobile chipmaker Qualcomm has become the latest tech giant to conduct layoffs, eliminating 1,258 positions in its San Diego and Santa Clara offices, roughly 2.5 percent of its global workforce.

The layoffs were foreshadowed in the company's last earnings report, where it blamed “the continued uncertainty in the macroeconomic and demand environment.” The cuts are expected to take place in mid-December and primarily affect engineers.