Qualcomm Plans Worldwide Job Cuts, Notifications to Begin in November
What Happened
US chipmaker Qualcomm plans worldwide job cuts following annual employee reviews, according to an October 19, 2026, internal memo from CEO Cristiano Amon reviewed by Reuters. The company described the move as a performance-focused reduction, considering business priorities, organisational needs and employee skills. Notifications will begin in November. Qualcomm has not disclosed how many employees will be affected.
Key Takeaways
Qualcomm is adjusting its workforce based on performance and evolving business requirements. The planned reductions come as the chipmaker expands beyond smartphones, but the scale of the layoffs remains unknown.