Qualcomm plans worldwide performance-based layoffs as it chases $5B AI data center revenue
rohanpaul_ai · x · 2026-10-21
Qualcomm CEO Cristiano Amon announced a global "performance-focused reduction" in an internal memo, with layoff notices starting in November; headcount was undisclosed (the company had 52,000 employees as of September 2025).
Key context:
- Soaring memory prices are hurting consumer electronics demand
- Qualcomm said in July its share of the next iPhone will fall well below a planned 20%
To fill the gap, the company targets $5B in AI data-center revenue by fiscal 2027 and $15B by 2029.
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