Qualcomm, Inc.'s Chip Business Delivers Solid Growth
Two years ago, Qualcomm (NASDAQ: QCOM) implemented what it called a "strategic realignment plan."
This was essentially a euphemism for cost-cutting, which resulted in both a reduction in the company's workforce as well as a shift of some of the company's business efforts from higher-cost regions to lower-cost regions.
Image source: Qualcomm.
Source: Fool.com