(Reuters) - Chipmaker Qualcomm Inc has begun cutting jobs as part of its promise to investors to cut costs by $1 billion, Bloomberg reported on Wednesday, citing people familiar with the matter.

image
FILE PHOTO - The logo of Qualcomm is seen during the Mobile World Congress in Barcelona, Spain February 27, 2018. REUTERS/Yves Herman

The size of job cuts is large enough that San Diego-based Qualcomm will have to file a WARN notice, or Worker Adjustment and Retraining Notification, with the state of California, the report said.

Qualcomm did not immediately respond to a request for comment.

Reporting by Munsif Vengattil in Bengaluru; Editing by Arun Koyyur

Read more from our friends at Reuters: