US Tech Company Qualcomm Now Lays Off 1,000 Employees
US tech company Qualcomm now lays off 1,000 employees, nearly 5-6 percent of its workforce as it enforces a global workforce restructuring.
Qualcomm is a major American multinational semiconductor and telecommunications equipment company headquartered in San Diego, California.
The company has begun laying off its employees in India, affecting roughly 1,000 employees, according to The Economic Times.
What’s interesting is these layoffs are cutting major roles within the organization, including senior engineers and staff with several years of experience within the company.
The restructuring is also extending to the company’s engineering and research centers in Hyderabad, Delhi NCR and Chennai soon.
Fortunately, employees were able to receive severance pay equivalent to three months of their salary.
They also received bonuses. Employees who signed their exit documents within three days were reportedly offered an additional month’s salary as an incentive, per the report.
Qualcomm, however, has not publicly confirmed the severence packages.
Qualcomm Layoff Announcements
Qualcomm CEO Cristiano Amon previously announced that the tech company layoffs would occur during its new ‘restructuring plan’.
The news broke that a global workforce restructure would commence on October 20.
The reason behind the layoffs? A focus on performance to strengthen the company’s growing and evolving ‘priorities’.
Like many tech companies, Qualcomm is shifting its focus to AI, diversifying as its global smartphone market comes under pressure.
For example, AI just took hundreds of jobs from FICO, the credit score company, according to an October 6 filing report.
Fair Isaac Corp. said it is slashing roughly 15% of its workforce, or around 570 positions. The company employs approximately 3,811 people globally.
More Layoff News:
- Microsoft Layoffs Now Surge in Xbox Division
- Employees Stress Over More Amazon Layoffs in 2026
- AI Just Took Hundreds of Jobs From FICO Credit Score Company
- See all →
“Global tech layoffs are accelerating in 2026, with more than 80,000 jobs already cut in the first quarter and total losses likely to exceed 3 lakh this year, led by companies like Oracle, Amazon, and Meta,” said The Economic Times.
Latest Qualcomm Developments
But it’s not all bad news for Qualcomm.
The tech company was selected by SpaceX to supply Qualcomm Dragonwing Cellular Infrastructure Platforms for Starlink Mobile’s U.S. nationwide 5G network (targeted for 2027).
Their automotive revenue also surged 89% year-over-year, hitting an $8 billion annualized run rate ($2 billion in Q4 alone).
It’s stock, NASDAQ:QCOM, has also been steady, with its CEO adding there will be no ‘AI correction’ for the company.
For now, Qualcomm’s layoffs are a mere reminder that the tech company landscape continues to evolve as technology shifts with the automation of AI.
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