Qualcomm to Begin Global Job Cuts in November 2026

Qualcomm is set to initiate global job cuts following its annual employee reviews, with notifications expected to begin in November. CEO Cristiano Amon communicated this decision in a memo, referring to the cuts as a “performance-focused reduction.” The objective is to strengthen the company's performance culture and align its workforce with business priorities.

Amon indicated that the reductions would consider business priorities, organizational needs, skills, and expertise. As of September 2025, Qualcomm employed approximately 52,000 individuals globally.

The job cuts come as Qualcomm faces challenges in the consumer electronics market, particularly with rising memory prices affecting demand. In its latest earnings report from late July, Qualcomm projected quarterly profits below estimates and anticipated a faster-than-expected decline in revenue from Apple products.

However, the company expects growth in data-centre and non-handset businesses to offset lost revenue by fiscal 2027, with a shift towards the artificial intelligence data-centre market. This workforce reduction aligns with broader trends of job cuts in the global technology sector.