US chipmaker Qualcomm prepares for global layoffs amid major tech pivot
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- ✓US chipmaker Qualcomm is preparing for global layoffs as it pivots toward the AI data-centre market.
- ✓CEO Cristiano Amon said the cuts seek to build “a stronger performance culture.” The company, which had 52,000 employees as of September 2025, struggled this year as smartphone sales fell and profit forecasts disappointed.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Financial Express
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
As of September 2025, the company had 52,000 employees, most working full-time. The company has been severely impacted by a consumer electronics sales slump this year amid rising memory prices. As reported by Reuters, Qualcomm’s shared have surged just 1.5% this year, underperforming gains of more than 12% for the S&P 500 benchmark and nearly 60% for the Philadelphia Semiconductor Index.
The company best known for smartphone processors recently started pivoting to the data-centre market in light of the artificial intelligence boom.
In late July, the company’s forecast of its fourth-quarter profit laid out in its latest earnings report ended up below estimates. It also noted that revenue from Apple products would drop faster than expected. As the chipmaker taps into the rapidly growing AI data-centre market, it’s expeting most of its chip sales to come from businesses instead of smartphones in FY27.
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Financial Express
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