Qualcomm To Lay Off Hundreds Of Employees In US

San Francisco: Chip giant Qualcomm is reportedly laying off at least 226 employees in the US later this year as part of its business diversification strategy.

As per reports, the upcoming layoffs by Qualcomm on November 12 were announced in a California Worker Adjustment and Retraining Notification (WARN) notice. The layoffs were first reported by The San Diego Union-Tribune.

The layoffs will reportedly affect employees at 16 facilities across San Diego, including the company’s headquarters. A Qualcomm spokesperson was quoted as saying that their leading technology and product portfolio “has positioned us to execute on our diversification strategy”.

“As part of a normal course of business, we prioritize and align our investments, resources, and talent to ensure we are optimally positioned to take advantage of the unprecedented diversification opportunities in front of us,” the spokesperson added.

Last year, Qualcomm laid off 1,258 workers as part of its broader cost-cutting measures.