Qualcomm Inc. is slashing more than 1,300 full-time jobs in San Diego and hundreds more jobs in other states, according to a report from The San Diego Union-Tribune.
The job cuts are part of the company's business restructuring as it faces slower growth in the maturing smartphone market.
The San Diego Union-Tribune adds that Qualcomm has already given its notice of 60-days on Thursday, September 17, 2015.
The notice is required by the Workers Adjustment and Retraining Act.
The final day of the laid-off workers of Qualcomm is on November 20, 2015, according to the San Diego Union-Tribune.
The company also said that the notifications they sent make up the bulk of the local job cuts it expects to make as Qualcomm restructures the business.
Derek Aberle, president of Qualcomm, told The San Diego Union-Tribune that it wasn't easy to make the decision.
"A workforce reduction is never easy," he said. "The company is providing supportive severance packages, outplacement resources and career transition resources for those employees affected during this difficult time."
The San Diego Union-Tribune said that Qualcomm has been struggling this year following the loss of its key chips in the Galaxy S6, Samsung's newest flagship smartphone.
The company used to be Samsung's main supplier for its previous Galaxy line's main processor, cellular radio and other technology.
Kusi News adds that Qualcomm's $1.2 billion third-quarter net income, which was announced in July, is 47 percent lower than the same period last year.
The company's revenue came out at $5.8 billion, a 14 percent drop.
Kusi News adds that Steve Mollenkopf, CEO of Qualcomm, said in July that they will be "making fundamental changes" to the company and "right-sizing our cost structure."
The company also announced in July that it would be cutting 15 percent of its estimated 30,000 global workforce due to the drop in revenue.
The San Diego Union-Tribune adds that Qualcomm has also confirmed hundreds of job cuts in several areas.
The company has cut 158 jobs in Boulder, Colorado, 130 jobs in the Bay Area and 65 in Andover, Massachusetts.
