Curated by THEOUTPOST
On Sat, 21 Sept, 8:02 AM UTC
2 Sources
[1]
Qualcomm job cuts: Company says, "as part of a normal course of business, ..." - Times of India
Chipmaker Qualcomm announced plans to lay off 226 employees at its San Diego facilities, effective November 12, according to a California WARN notice published this week. The layoffs will impact workers across 16 locations in San Diego, including the company's headquarters. The San Diego Union-Tribune first reported on the layoffs. The announcement comes less than a year after Qualcomm cut over 1,250 jobs in 2023.The company, known for producing smartphone chips, has not specified which departments will be affected by the latest round of layoffs. Qualcomm spokesperson Kristin Stiles stated, "As part of a normal course of business, we prioritise and align our investments, resources, and talent to ensure we are optimally positioned to take advantage of the unprecedented diversification opportunities in front of us," to TechCrunch. Despite the job cuts, Qualcomm reported strong financial performance in 2023, with annual revenue of $35.8 billion. CEO Cristiano Amon received $23.5 million in total executive compensation during the same period. The company's decision to reduce its workforce comes amid ongoing challenges in the tech industry, including market volatility and increased competition. Qualcomm has been working to diversify its product portfolio beyond smartphone chips, exploring opportunities in automotive and Internet of Things (IoT) technologies. While Qualcomm declined to provide specifics on which teams would be impacted, the layoffs affect multiple facilities with various specialisations, including cybersecurity operations at the company's headquarters. The TOI Tech Desk is a dedicated team of journalists committed to delivering the latest and most relevant news from the world of technology to readers of The Times of India. TOI Tech Desk's news coverage spans a wide spectrum across gadget launches, gadget reviews, trends, in-depth analysis, exclusive reports and breaking stories that impact technology and the digital universe. Be it how-tos or the latest happenings in AI, cybersecurity, personal gadgets, platforms like WhatsApp, Instagram, Facebook and more; TOI Tech Desk brings the news with accuracy and authenticity.
[2]
Qualcomm To Layoff Hundreds of Employees Amid "Diversification Strategy", Business Operations To Continue As Normal
Chip manufacturer Qualcomm is expected to layoff additional employees later this year as the firm undergoes a "strategic shift" in business and resources. The tech industry is experiencing a difficult time regarding financial performance, especially since the global markets are currently positioned in such a way and consumer interest isn't in the best of places. This has ultimately promoted companies like Qualcomm to initiate layoffs across the board, affecting all divisions, and according to a California WARN notice published this week (via TechCrunch), the chipmaker Qualcomm is set to let go 226 workers in San Diego, which includes personnel from the company's headquarters as well. It is said that the layoff will affect 16 different facilities across San Diego, but the firm hasn't revealed the exact divisions affected. This year alone, the firm has laid off more than 1,250 workers as part of its restructuring policy despite recording a massive YoY revenue back in 2023. Here's is what the company has stated in response to the layoff decision: Our leading technology and product portfolio has positioned us to execute on our diversification strategy. As part of a normal course of business, we prioritize and align our investments, resources, and talent to ensure we are optimally positioned to take advantage of the unprecedented diversification opportunities in front of us. - Qualcomm spokesperson Kristin Stiles Qualcomm is making decent progress when it comes to the newly tapped laptop markets since its ARM-based Snapdragon X Elite SoCs are witnessing decent adoption from manufacturers, mainly due to the AI capabilities they feature onboard. Apart from this, the firm is said to be preparing more "affordable" laptop models to cater to the larger portion of the markets, expected to be as low as $700, according to the CEO Cristiano Amon. Not only this, but Qualcomm is looking to get more competitive in the industry, as it was rumored previously that the firm might acquire elements of Intel's chip business, which shows that the firm is indeed "striving" for more success, but the recent layoffs are indeed a setback for Qualcomm, and people involved with them.
Share
Share
Copy Link
Qualcomm, the leading chipmaker, has initiated job cuts as part of its regular business operations. The company faces challenges in the smartphone market and aims to streamline its workforce.
Qualcomm, the renowned chipmaker, has recently confirmed that it is implementing job cuts as part of its normal course of business operations. The company, which specializes in mobile processors and communication chips, has been facing challenges in the smartphone market, prompting this strategic move 1.
The decision comes amid a broader slowdown in the smartphone industry, which has been a key driver of Qualcomm's growth in recent years. The company has been grappling with reduced demand for smartphones, particularly in China, which has impacted its revenue and necessitated cost-cutting measures 2.
While Qualcomm has not disclosed the exact number of employees affected by this round of job cuts, reports suggest that the layoffs could impact hundreds of workers across various departments. The company has stated that these reductions are part of its ongoing efforts to streamline operations and align its workforce with current business needs 1.
In response to inquiries about the job cuts, a Qualcomm spokesperson emphasized that the company regularly evaluates its operations to ensure they are appropriately structured. The spokesperson stated, "As part of a normal course of business, we are realigning our workforce to deliver on our technology roadmap and support our long-term growth opportunities" 1.
Qualcomm's decision to reduce its workforce is not an isolated incident in the tech industry. Many major technology companies have been implementing similar measures in response to economic uncertainties and changing market dynamics. Competitors in the semiconductor industry, such as Intel and NVIDIA, have also announced job cuts in recent months, reflecting the broader challenges facing the sector 2.
Despite the current challenges, Qualcomm remains committed to innovation and growth in key areas. The company continues to invest in 5G technology, artificial intelligence, and the Internet of Things (IoT), which are expected to drive future growth. These strategic focus areas are likely to shape Qualcomm's hiring and resource allocation decisions in the coming years 2.
Intel, the semiconductor giant, plans to cut 15,000 jobs in one of the largest tech layoffs since the COVID-19 pandemic. This move comes after a 20% stock drop and follows the ongoing trend of mass layoffs in the tech industry.
3 Sources
3 Sources
Intel, the tech giant, is reportedly planning to cut thousands of jobs as it grapples with a deepening CPU scandal and shifts focus towards technological advancements. This move comes as part of the company's ongoing restructuring efforts and cost-cutting measures.
8 Sources
8 Sources
Intel, the world's largest chipmaker, has unveiled plans to cut approximately 15,000 jobs globally. This decision comes as part of a cost-saving initiative following poor financial performance in 2024.
7 Sources
7 Sources
German chipmaker Infineon Technologies plans to cut 1,400 jobs worldwide and relocate production due to weak demand in its key markets. The company aims to reduce costs and improve efficiency through these measures.
2 Sources
2 Sources
Major tech companies including Intel, Cisco, IBM, and Apple have announced significant workforce reductions, leading to over 27,000 job cuts in August 2024. This wave of layoffs highlights ongoing challenges in the tech sector.
2 Sources
2 Sources
The Outpost is a comprehensive collection of curated artificial intelligence software tools that cater to the needs of small business owners, bloggers, artists, musicians, entrepreneurs, marketers, writers, and researchers.
© 2025 TheOutpost.AI All rights reserved