Qualcomm to start worldwide layoffs

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  "signal_type": "news",
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  "detected_at": "2026-10-21T05:18:41+00:00",
  "company": {
    "name": "Qualcomm",
    "domain": "qualcomm.com"
  },
  "data": {
    "url": "https://www.electronicsweekly.com/news/business/qualcomm-to-start-worldwide-layoffs-2026-10/",
    "title": "Qualcomm to start worldwide layoffs - Electronics Weekly",
    "excerpt": "Qualcomm is to lay off staff worldwide according to a memo from CEO Cristiano Amon to employees seen by Reuters. Notifications are to start next month. The number involved is not known. The company had 52k employees in September 2025. The memo describes the lay-offs as “a performance-focused reduction after annual reviews” as an effort to build “a stronger performance culture,” when the company “has consistently fallen short of expectations.” Qualcomm has been hit by a number of challenges. The price of memory has dragged down its core handset business; MediaTek’s Dimensity processors have reduced the performance gap with SnapDragon; Apple is phasing out Qualcomm’s modems faster than anticipated ; fab costs are up and margins are below historical norms. Qualcomm has invested heavily to diversify into automotive, PC, and data centre ICs but investors question how soon there is going to be payback from these investments. “As we have expanded the business, so have the competencies and skills we require,“ said Amon’s memo, “we must have the right people in the right roles so they can perform at their best and the company can continue to succeed.“",
    "summary": "Apple is phasing out its use of Qualcomm's modems faster than anticipated.",
    "planning": true,
    "image_url": "https://static.electronicsweekly.com/wp-content/uploads/2015/11/05111405/Qualcomm_headquarters.jpg",
    "confidence": 0.85,
    "published_at": "2026-10-21T05:18:41Z",
    "article_sentence": "The price of memory has dragged down its core handset business; MediaTek’s Dimensity processors have reduced the performance gap with SnapDragon; Apple is phasing out Qualcomm’s modems faster than anticipated ; fab costs are up and margins are below historical norms.",
    "related_company_name": "Apple",
    "related_company_domain": "apple.com"
  }
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