Qualcomm to cut jobs worldwide in performance-focused layoffs, internal memo shows
Qualcomm announced workforce reductions across all regions according to an internal company memo. CEO Amon attributed the cuts to efforts to establish a stronger performance-oriented culture and remedy areas where the company's results have consistently fallen below targets.
Key points
- Qualcomm implementing worldwide job cuts
- Restructuring focused on performance improvement
- CEO cites underperformance as rationale
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