Qualcomm to cut thousands of jobs following performace reviews

Qualcomm will begin notifying employees affected by job cuts in November, according to an internal memo from CEO Cristiano Amon reviewed by Reuters. The chipmaker had about 52,000 employees as of September 2025 and has not said how many jobs it will cut. Amon said the layoffs are meant to foster a stronger performance culture and address business areas that have fallen below expectations, with managers weighing business priorities, organizational needs and required expertise alongside performance ratings. Qualcomm faces cooling consumer electronics sales and rising memory prices, and in late July it forecast quarterly profit below analyst expectations and warned that Apple-related revenue would fall faster than previously anticipated.