Qualcomm could announce layoffs in November: report

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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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