Qualcomm to cut jobs worldwide in performance-focused layoffs, internal memo shows, Reuters reports

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  "signal_type": "news",
  "signal_subtype": "decreases_headcount_by",
  "detected_at": "2026-10-20T11:16:58+00:00",
  "company": {
    "name": "Qualcomm",
    "domain": "qualcomm.com"
  },
  "data": {
    "url": "https://m.economictimes.com/news/international/business/qualcomm-to-cut-jobs-worldwide-in-performance-focused-layoffs-internal-memo-shows-reuters-reports/articleshow/135068410.cms",
    "title": "Qualcomm to cut jobs worldwide in performance-focused layoffs, internal memo shows, Reuters reports - The Economic Times",
    "excerpt": "Listen to this article in summarized format Listen Loading... × × Subscribe to Unlock AI Briefing and Premium Content New Year Offer 24 Hours Left Subscribe Now Already a member? Sign In What's Included Exclusive Stories Daily ePaper Access Smart Market Tools Curated Investment Ideas Ad-lite Experience Subscription iStock Qualcomm will begin notifying employees of job cuts in November as a part of its annual reviews. (Representative Image) Qualcomm will cut jobs globally in a \" performance-focused reduction \" following its annual employee reviews, CEO Cristiano Amon told staff in a memo on Monday reviewed by Reuters, with notifications set to begin in November. The cuts are part of an effort to build \"a stronger performance culture\" and address situations where the company \"has consistently fallen short of expectations,\" Amon said. The memo did not say how many jobs would be affected, and Reuters could not immediately determine the scale of the cuts. Read more: Jio’s 10-year timeline: How Ambani's Reliance transformed Indian telecom Qualcomm did not immediately respond to a request for comment. It had about 52,000 employees globally as of September last year, most of them full-time. Its financial year typically ends in late September. Live Events One of the world's biggest smartphone chipmakers , Qualcomm has been hit this year by a slump in consumer electronics sales as...",
    "summary": "Qualcomm CEO Cristiano Amon announced that the company will cut jobs globally following annual employee reviews, with notifications beginning in November.",
    "planning": true,
    "image_url": "https://img.etimg.com/thumb/msid-135068747,width-1200,height-900,imgsize-45046,overlay-economictimes/articleshow.jpg",
    "confidence": 0.95,
    "published_at": "2026-10-20T11:16:58Z",
    "effective_date": "2026-11-01",
    "article_sentence": "Qualcomm will cut jobs globally in a \" performance-focused reduction \" following its annual employee reviews, CEO Cristiano Amon told staff in a memo on Monday reviewed by Reuters, with notifications set to begin in November."
  }
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