Business · Updated 21 Oct, 09:50 am IST

Qualcomm to cut jobs worldwide in performance-focused layoffs

Why it matters for readers: The memo shows Qualcomm is responding to weaker consumer demand and wants to focus on performance.

CEO Cristiano Amon told staff in a memo that Qualcomm will carry out a "performance-focused reduction" after annual employee reviews.1 2 3
Notifications to affected employees are scheduled to start in November.2 3
The memo did not state how many jobs will be cut, and Reuters could not determine the scale of the reductions.2 3
Qualcomm had about 52,000 employees globally as of September last year.2 3
The company framed the cuts as part of building a "stronger performance culture" and cited underperformance and a slump in consumer electronics demand.1 2 3

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21 Oct, 08:08 am · ET Tech
Qualcomm to cut jobs worldwide in performance-focused layoffs, internal memo shows
21 Oct, 09:29 am · Indian Express Technology
Qualcomm to cut jobs worldwide in performance-focused layoffs
21 Oct, 09:50 am · The Hindu Technology
Qualcomm to cut jobs worldwide in performance-focused layoffs, internal memo shows