Qualcomm cuts 1,314 jobs in San Diego
Mike Freeman, SAN DIEGO UNION-TRIBUNE
Thursday, September 17, 2015
Even so, laid-off workers may struggle to find jobs in the region at wages that match what they earned at Qualcomm, said Kelly Cunningham, economist for the National University System Institute for Policy Research.
“With engineering, it gets so specialized,” he said. “I have wondered if these workers are going to have a challenging time finding at least equal paying work in San Diego. It might require them to move to wherever they can find opportunities.”
Communications Equipment jobs totaled 27,822 last year in San Diego County, with an average annual wage of $133,500. Local job growth in the sector was just 2.4 percent, according to the state Employment Development Department.
“These are high paying jobs,” said Cunningham. “So to lose those has a ripple effect on other employment.”