Qualcomm

The semiconductor industry is currently undergoing a violent, highly capitalized shift, and the workforce is bearing the brunt of the transition. Qualcomm, the San Diego-based chip giant, has confirmed that it will initiate global Qualcomm layoffs beginning in November 2026. While the company has not disclosed the exact number of the 52,000 global employees who will be impacted, the strategic reasoning behind these cuts offers a stark look at the future of enterprise hardware. According to an internal memo from CEO Cristiano Amon, these Qualcomm layoffs are being framed as a "performance-focused reduction" following annual employee reviews. Amon stated the…