EXCLUSIVE - QUALCOMM TO CUT JOBS WORLDWIDE IN PERFORMANCE - FOCUSED LAYOFFS , INTERNAL MEMO SHOWS

What happened: Qualcomm CEO Cristiano Amon told staff in an internal memo that the company will cut jobs globally in a "performance-focused reduction" after annual employee reviews, with notifications set to begin in November. Key numbers: Qualcomm had about 52,000 employees globally as of September last year. Why it matters: The memo did not say how many jobs would be affected, and Reuters could not immediately determine the scale of the cuts. Qualcomm has been hit this year by a slump in consumer electronics sales as soaring memory prices weigh on demand in key markets. Coverage: 3 outlets in 24h

Qualcomm CEO Cristiano Amon told staff in an internal memo that the company will cut jobs globally in a "performance-focused reduction" after annual employee reviews, with notifications set to begin in November.

The memo did not say how many jobs would be affected, and Reuters could not immediately determine the scale of the cuts. Qualcomm has been hit this year by a slump in consumer electronics sales as soaring memory prices weigh on demand in key markets.