The company expects the majority of its chip sales to come from businesses other than smartphones in fiscal 2027. (File Photo)
\n\nQualcomm is preparing to reduce its workforce worldwide as the US chipmaker reviews employee performance and reassesses the skills needed to support its evolving business priorities. Chief Executive Officer Cristiano Amon informed employees about the planned reductions in an internal memo on Monday, according to a Reuters report. The company described the move as a "performance-focused reduction", with employees expected to start receiving notifications in November.
\n\nThe memo did not disclose the number of positions that would be eliminated, leaving the potential scale of the workforce restructuring unclear.
\n\nAmon said the decision was intended to strengthen accountability across the organisation and address cases where employees had repeatedly failed to meet expectations. The development comes as Qualcomm navigates pressure in the consumer electronics market while pursuing growth opportunities beyond smartphone chips.
\n\nThe proposed workforce reduction is linked to Qualcomm's annual employee review process. According to Amon's memo, the company aims to establish "a stronger performance culture" and respond to instances where performance has "consistently fallen short of expectations," noted the Reuters report.
\n\nThe CEO also indicated that the company would…
Original source: https://www.timesnownews.com/business-economy
