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Qualcomm is laying off 226 workers in San Diego, effective November 12, across 16 facilities, including its headquarters.
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The layoffs are part of a strategic shift to focus on new opportunities, according to a Qualcomm spokesperson.
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This comes less than a year after Qualcomm cut over 1,250 jobs, despite posting $35.8 billion in revenue for 2023.
Qualcomm, a leading smartphone chipmaker, is set to lay off 226 workers in San Diego later this year. The layoffs, effective November 12, will impact employees across 16 facilities, including its headquarters. This move is part of a larger business strategy to prioritize investments and resources.
The company has not provided specific details on which teams will be affected, including its cybersecurity operations. However, a Qualcomm spokesperson stated that the layoffs aim to align resources with new opportunities.
This round of layoffs comes less than a year after Qualcomm cut over 1,250 jobs. Despite these reductions, the company posted impressive revenue of $35.8 billion for 2023. CEO Cristiano Amon earned $23.5 million in total compensation last year.
The layoffs reflect the tech industry’s ongoing adjustments to shifting market demands. As companies like Qualcomm adapt to new opportunities, workers face uncertainty. The impact of these layoffs on Qualcomm’s operations and the affected employees remains to be seen.
