Qualcomm (QCOM.O) CEO Cristiano Amon told staff in a memo on Monday the company will carry out performance-driven layoffs following its annual employee reviews. Amon said the move is aimed at building a stronger performance culture and addressing areas of sustained underperformance; the memo did not specify affected headcount. He said the process will weigh business priorities, organizational needs, and required skills and expertise.

2026-10-20

Qualcomm (QCOM.O) CEO Cristiano Amon told staff in a memo on Monday the company will carry out performance-driven layoffs following its annual employee reviews. Amon said the move is aimed at building a stronger performance culture and addressing areas of sustained underperformance; the memo did not specify affected headcount. He said the process will weigh business priorities, organizational needs, and required skills and expertise.