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moves money TelecomLead October 20, 2026

Qualcomm Layoffs 2026: Global Job Cuts to Begin in November as Smartphone Chip Demand Weakens and AI Strategy Expands

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Qualcomm is preparing to reduce its global workforce beginning in November 2026, as the US semiconductor company responds to weaker smartphone demand, rising memory prices and changing business priorities. The job cuts come as Qualcomm accelerates its expansion into artificial intelligence, data centers and semiconductor markets beyond smartphones. Qualcomm Sound Platforms for Audio Experience The company employed approximately 52,000 people worldwide as of September 2025, but has not disclosed

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