Qualcomm Plans Worldwide Job Cuts, Notifications in November

Qualcomm plans worldwide job cuts after annual employee reviews, with notifications to affected staff expected to begin in November, according to an internal memo from Chief Executive Cristiano Amon. The company has not disclosed how many jobs will be eliminated or which regions and departments will be affected. Amon described the reductions as performance-focused and said they were intended to strengthen the company’s performance culture and address areas where Qualcomm had consistently fallen short of expectations. The memo said the company would consider business priorities, organizational requirements, employees’ skills and expertise when deciding which positions to eliminate. Qualcomm has about 52,000 employees worldwide. The memo did not specify how the cuts would be distributed across the workforce, and the company had not announced whether the reductions would be accompanied by hiring in other areas. The planned cuts come as Qualcomm seeks to expand beyond its traditional smartphone chip business. The company has said it expects most of its chip sales to come from non-smartphone markets in fiscal 2027, as it develops businesses including data centers and automotive...