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Qualcomm layoffs: A bad sign for high-tech?

EconoMeter panel looks at implications of the cutbacks

Roger Showley, SAN DIEGO UNION-TRIBUNE

Friday, September 25, 2015

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Kelly Cunningham, National University System
Answer: YES

Although demand for high-tech skilled workers is currently quite strong, it will be difficult for many laid-off Qualcomm employees to find equally high-paying jobs in San Diego. There are not a lot of local jobs paying as well as Qualcomm. San Diego is an excellent incubator of new start-up companies, but not so much large corporate entities with high compensation like Qualcomm. Many workers will need to move to find equally high-paying work.