Qualcomm to slash workforce globally following performance reviews

Qualcomm Corporation, a key player in the semiconductor and telecommunications sectors, has initiated layoffs across its global operations as part of a broader restructuring exercise. The company's leadership has notified employees of the decision through an internal communication, citing the outcome of recent performance evaluations as the basis for the workforce reduction.

While the exact number of positions to be eliminated and the specific departments affected remain unclear, the move reflects ongoing challenges facing the semiconductor industry. Qualcomm joins several major technology companies that have undertaken significant workforce reductions in recent quarters amid shifting market dynamics and economic headwinds.

The company, which supplies chips for smartphones, automotive applications, and networking infrastructure, has substantial operations and business interests across Asia-Pacific, including India. The restructuring comes as semiconductor manufacturers grapple with supply chain complexities and fluctuating demand across global markets.

Qualcomm's decision to base layoffs on employee performance evaluations suggests a targeted approach to workforce optimisation rather than across-the-board cuts. The company has not provided a timeline for completing the reductions or details on support measures for affected employees.