Qualcomm feels pinch from Mediatek and Intel as it ponders restructure

Qualcomm is ready to cut 15% of its workforce following a shocking set of results for the third quarter of 2015 that affirm the fact that competition in the mobile processor market continues to bite.

Qualcomm's quarterly earnings report revealed a 14% revenue drop to $5.8 billion (about £3.73 billion, AU$7.87 billion) from $6.8 billion (about £4.37 billion, AU$9.23 billion) in 2014 - and that's just the tip of the iceberg.

Additionally, operating income dropped off by a shocking 40%...

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