General · Global
Qualcomm Announces Global Job Cuts Amid Smartphone Chip Business Challenges
Owlester AI · from 1 source ·
Qualcomm plans to cut jobs globally from November due to challenges in its smartphone chip business. CEO Cristiano Amon informed staff of the layoffs in a memo, citing the need for a stronger performance culture. The company aims to expand into data centers, automotive technology, and connected devices to offset declining Apple-related revenue.
Key facts
- Qualcomm plans to cut jobs globally starting in November.
- CEO Cristiano Amon informed staff of the layoffs in a memo.
- The layoffs aim to enhance performance and address areas where employees have not met expectations.
- Qualcomm plans to expand into data centers, automotive technology, and connected devices.