Qualcomm Announces Worldwide Job Cuts From November As CEO Pushes Stronger Performance Culture
New Delhi, Oct 20: Qualcomm will begin implementing job cuts across the globe from November, with the reductions reportedly linked to employee performance, according to a report on Tuesday, citing a memo from Chief Executive Officer Cristiano Amon to staff. The company has not disclosed how many employees will be affected by the planned cuts. Qualcomm CEO cites performance concerns In the memo…
Qualcomm announced worldwide job cuts starting in November, as the company's CEO aims to foster a stronger performance culture. The memo from CEO Cristiano Amon to staff cited the need to address instances of consistently falling short of expectations. While the exact number of employees affected remains undisclosed, Qualcomm employs around 52,000 people globally as of September 2025.
The reduction plan aligns with business priorities, organizational requirements, and employees' skills and expertise. CEO Amon emphasized the importance of placing the right people in the right roles to ensure the company's success. The move comes amid a challenging business environment, with Qualcomm facing pressure from weakening demand for electronic products and soaring memory prices.
Despite these challenges, the company anticipates growing contributions from its data center, automotive, and other non-handset businesses to offset losses by fiscal 2027. Qualcomm's shares fell 1.16% in pre-market trading to $171.52 on the Nasdaq.
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