And more redundancies could be on the horizon
China Labour Watch and Observer insider reports 'slumped' and 'exhausted' staff
Firm will also be required to overhaul its board within 30 days
Chief exec will leave later this year after 14 years at the telecoms giant
Adds weight to rumours that firm is planning to make its own ARM-based chips.
Chipmaker says decisions were made based 'solely on skills sets and business needs'
But firm promises no jobs will be lost as a result
US prez says too many jobs in China are at risk
Beleaguered telco will also move out of its London HQ after 150 years
Layoffs will bring total job cuts over the past year to 10,000