Investing.com — Qualcomm has begun rolling out planned job cuts across its global operations, affecting employees in India and California, according to people familiar with the company’s plans.
Last month, CEO Cristiano Amon informed employees in a memo that the company would make what he described as “performance-focused” workforce reductions. The cuts are not related to the company’s artificial intelligence (AI) strategy, sources said.
In India, some employees have already received layoff notices. Reports from the country have suggested that as many as 1,000 workers could be affected. However, sources told Investing.com that the actual number is expected to be significantly lower. The precise figure remains unclear.
Meanwhile, Qualcomm is expected to file layoff notices in California in the coming days under the state’s Worker Adjustment and Retraining Notification (WARN) Act. The number of employees affected in the state has not yet been confirmed.
As of September 27, 2026, Qualcomm employed approximately 57,000 people across more than 200 locations in 38 countries.
The workforce reductions come as the chipmaker faces weaker demand for smartphone processors. In its latest quarterly earnings report last week, Qualcomm reported a 26% decline in handset revenue.
Overall, the company reported earnings per share of $2.17, in line with analyst expectations. Revenue came in at $10.44 billion, beating the market forecast of $10.14 billion.
The latest developments highlight the pressure on Qualcomm’s core smartphone chip business as the company adjusts its workforce amid changing market conditions.
Qualcomm declined to comment on the job cuts.
Original Article
Exclusive: Qualcomm begins job cuts; India and California among regions impacted
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Source: finance.yahoo.com
