Qualcomm reportedly plans global job cuts after annual staff reviews

Qualcomm plans job cuts worldwide following its yearly staff reviews, with affected employees to be notified from November. CEO Cristiano Amon called it a "performance-focused reduction" without giving a number. Qualcomm had about 52,000 employees at the end of its 2025 fiscal year.

• Notifications to affected staff start in November 2026
• The number of cuts was not disclosed; Qualcomm declined to comment
• Qualcomm had about 52,000 employees at the end of FY2025
• Shares are up 1.5% in 2026 versus nearly 60% for the chip index