The Hindu·3 min read·medium

Qualcomm India layoffs: Over 1,000 jobs at risk amid global cuts

T
The Hindu Bureau
Qualcomm India layoffs: Over 1,000 jobs at risk amid global cuts
✦AI Summary

Qualcomm is initiating a global workforce reduction, with estimates suggesting over 1,000 employees in India may be affected. CEO Cristiano Amon described the layoffs as a performance-focused measure to align costs with business priorities amid a slump in consumer electronics.

Why it matters

This highlights ongoing instability in the semiconductor industry and the broader tech sector as companies adjust to shifting market demands.

✦Dive DeeperCreate a free account to unlock

Chennai More than 1,000 jobs could be at risk in India as Qualcomm undertakes a global workforce reduction, although the U.S. chipmaker has not disclosed the number of positions likely to be eliminated in the country. In an internal memo to employees on October 19, reviewed by Reuters, CEO Cristiano Amon described the exercise as a “performance-focused reduction” following the company’s annual employee reviews. Notifications to affected employees were expected to begin in November. Qualcomm to cut jobs worldwide in performance-focused layoffs, internal memo shows Qualcomm to cut jobs worldwide in performance-focused layoffs, internal memo shows One ​of the world’s biggest ‌smartphone chipmakers, Qualcomm has been hit this year by a slump in consumer electronics sales Qualcomm to cut jobs worldwide in performance-focused layoffs, internal memo shows storyline 1 Mr.

Continue reading on Headlinne

Create a free account to read the full article.

Read full article →

Also covering this story

2 other newsrooms covered this event. We read each version separately.

businesstechnologyeconomy
✦

Get smarter about the news

Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.

Create free account

Already have an account? Sign in