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Tuesday, October 20, 2026

Qualcomm could announce layoffs in November: report

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Qualcomm headquarters in San Diego, California, USA.

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  • Qualcomm (QCOM) CEO Cristiano Amon said the San Diego-based chipmaker will have a “performance-focused reduction” after the San Diego-based chipmaker conducts annual employee reviews in November, Reuters reported.
  • Amon told employees about the layoffs in a memo, the news outlet added, citing the memo itself.
  • Shares of the chipmaker fell 0.8% in premarket trading.
  • Qualcomm did not immediately respond to a request for comment from Seeking Alpha.

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