Qualcomm lay-offs reported to have started

Layoff.com profile, a site which claims to represent affected Qualcomm employees, reports jobs being moved to India.

Official announcements are anticipated at the October  financial reporting round.

Having failed to buy NXP, and incurring a $2 billion break up fee, Qualcomm is now looking light on strategy.

The company recently announced a $16 billion share buy-back which is part of an expected $30 billion buy back programme.