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Qualcomm to cut jobs globally in performance-focused reduction

Qualcomm plans to reduce its global workforce following annual employee reviews, citing an internal memo that calls the move a performance-focused restructuring.

Qualcomm is planning to cut jobs across its global workforce in a performance-focused reduction following its annual performance reviews, according to an internal company memo cited in reports by Reuters and CNBC.[1][2][5]

Notifications for the planned workforce restructuring are scheduled to begin in November, according to Mint.[3]

Qualcomm Chief Executive Officer Cristiano Amon said the cuts are part of an initiative to foster "a stronger performance culture" and address areas where the company "has consistently fallen short of expectations."[4]

Key facts

  • Qualcomm plans to cut jobs across its global workforce following annual performance reviews, according to an internal memo.
  • The company described the planned layoffs as a performance-focused reduction.
  • Job-cut notifications are scheduled to start in November.
  • CEO Cristiano Amon stated the cuts aim to build "a stronger performance culture" and address areas where the company "has consistently fallen short of expectations."

Sources · 5 sources

  1. CN

    CNBC@CNBCPost on X ·

    Qualcomm to cut jobs worldwide in performance-focused layoffs, internal memo shows https://t.co/b4D143wn5Z

    Open source
  2. *B

    *Walter Bloomberg@DeItaonePost on X ·

    $QCOM - QUALCOMM TO CUT JOBS GLOBALLY IN 'PERFORMANCE-FOCUSED REDUCTION' AFTER ANNUAL REVIEWS, INTERNAL MEMO SHOWS

    Open source
  3. MI

    Mint@livemintPost on X ·

    Qualcomm will cut jobs across its global workforce as part of a performance-focused restructuring following its annual employee reviews, with notifications expected to begin in November https://t.co/qKwpeY0Lhe

    Open source
  4. BU

    businessline@businesslinePost on X ·

    The cuts are ⁠part of an effort to build "a stronger performance culture" and address situations where the company "has consistently fallen short of expectations," CEO Cristiano Amon said. https://t.co/D4rIykdBEG

    Open source
  5. ET

    Economic Times@EconomicTimesPost on X ·

    Qualcomm to cut jobs worldwide in performance-focused layoffs, internal memo shows, Reuters reports https://t.co/5HEY31AEvr

    Open source