Qualcomm Layoffs: Around 1,000 Jobs in India, Including Hyderabad, May Be Affected

Global technology companies continue to restructure their workforces, and chipmaker Qualcomm is reportedly preparing for another round of layoffs. According to reports, the company may cut around 7% of its global workforce of approximately 52,000 employees, potentially affecting nearly 3,600 people. In India, around 1,000 employees could be affected, particularly across its offices in Hyderabad, Bengaluru, Delhi and Chennai. Qualcomm has not yet made an official announcement confirming the reported job cuts.

Meanwhile, some employees are reportedly discussing the severance packages they may receive. The proposed package is said to include three months' salary, along with an additional month's salary for every year of service. Employees have also reportedly been told that an extra month's salary may be offered if they sign and submit their separation documents within two or three days. Discussions shared by employees suggest that the layoffs are based on business requirements rather than individual performance. Some have speculated that the move could be linked to increased investments in AI and cost-cutting measures. Qualcomm CEO Cristiano Amon had reportedly informed employees in a memo last month about workforce reductions based on global business needs. The company is also looking to expand in areas such as data centres, AI and connected devices. According to the Layoffs.fyi tracker, more than 1.42 lakh jobs have reportedly been cut across over 350 technology companies so far this year.