Qualcomm will cut jobs worldwide after annual performance reviews, with notices to staff starting in November.
In a memo, CEO Cristiano Amon called it a “performance-focused reduction” to build “a stronger performance culture,” without giving a headcount.
yahoo
The scale is unknown, and Qualcomm had about 52,000 employees as of September 2025.
Soaring memory prices have hurt consumer electronics demand. Apple revenue is shrinking too, after Qualcomm said in July its share of the next iPhone would fall well below a planned 20%.
To fill that gap, the company targets $5B in AI data-center revenue by fiscal 2027 and $15B by 2029.