Qualcomm to cut jobs worldwide after annual performance reviews

Qualcomm will cut jobs worldwide after its annual performance reviews, with notices to staff starting in November, according to a memo from CEO Cristiano Amon.

Amon calls the cuts a "performance-focused reduction" meant to build "a stronger performance culture," but the memo gives no headcount, so the scale is unknown. Qualcomm had about 52,000 employees as of September 2025.

The cuts come as rising memory prices weigh on consumer electronics demand and Apple revenue shrinks. Qualcomm targets $5 billion in AI data-center revenue by fiscal 2027 and $15 billion by 2029.