Qualcomm begins India layoffs, 1,000 jobs at risk
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Qualcomm started layoffs that could affect 1,000 jobs in India as part of a global restructuring.
- ✓“At a similar ratio, layoffs in India can be estimated at around 1,000 employees or a little higher than that,” said analyst Pareekh Jain.
- ✓The company has major engineering facilities in several Indian cities.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Financial Express
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
People familiar with the matter said the global restructuring could affect around 7% of Qualcomm’s 52,000-strong workforce. With approximately 20,000 employees in India, the country could account for around 1,000 job losses or slightly more, based on a similar proportion. “At a similar ratio, layoffs in India can be estimated at around 1,000 employees or a little higher than that,” Pareekh Jain, CEO and lead analyst at EIIRTrend, told FE. Another round of job cuts is expected in January, analysts said.
The layoffs are significant given the scale of Qualcomm’s engineering and research operations in India, which constitute its largest engineering base outside the US. The company has major R&D and engineering facilities in Bengaluru, Hyderabad, Delhi NCR and Chennai. The current exercise is understood to be broad-based, affecting both senior engineers and recent hires. Some employees who have been asked to leave have reportedly said they received no prior performance feedback, despite the company describing the exercise as performance-driven.
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