QUALCOMM LAYOFFS : CHIPMAKER TO CUT JOBS GLOBALLY FROM NOVEMBER AFTER PERFORMANCE REVIEWS

What happened: Qualcomm will cut jobs across its global workforce after annual performance reviews, with notifications expected to begin in November, per a Reuters report citing a memo from CEO Cristiano Amon. Key numbers: About 52,000 employees globally as of September 2025. Why it matters: The cuts come as Qualcomm faces weak consumer electronics demand and rising memory prices, and after it forecast quarterly profit below estimates with faster declines in Apple-related revenue. It expects non-smartphone businesses to be most of chip sales by fiscal 2027. Coverage: 4 outlets in 24h

Qualcomm will cut jobs across its global workforce after annual performance reviews, with notifications expected to begin in November, per a Reuters report citing a memo from CEO Cristiano Amon.

The cuts come as Qualcomm faces weak consumer electronics demand and rising memory prices, and after it forecast quarterly profit below estimates with faster declines in Apple-related revenue. It expects non-smartphone businesses to be most of chip sales by fiscal 2027.