Can Qualcomm reconnect?
Strategic review wrapping up on whether to split the company
Mike Freeman, SAN DIEGO UNION-TRIBUNE
Friday, December 4, 2015
Computer models for the region’s economy show that each Qualcomm job results in 1.6 additional jobs locally. The recent layoff of 1,300 Qualcomm workers could cause an additional 2,080 jobs to be lost and reduce the county’s annual economic output by $432 million, said Kelly Cunningham, economist with National University System Institute for Policy Research.
Compare that with the potential impact of the Chargers leaving San Diego, which would be much smaller, said Erik Bruvold, president of the National University System Institute for Policy Research.
That’s because the Chargers bring relatively few new dollars from outside the region into the community, he said. The team is largely serving local demand.