Leading chipset company, Qualcomm layoffs around 266 workers in San Diego. The layoffs are expected to take effect on November 12.
This is not Qualcomm’s first time laying off its workers. The decision to lay off the workers in Sand Diego comes not even a year after the company laid off 1.250 workers in 2023. The California WARN notice announced the job layoffs but The San Diego Union-Trubune were the first to report on the Qualcomm layoffs.
Employees from 16 facilities across San Diego will be hit and Qaualcomm’s headquarters are no exception. The company’s headquarters in San Diego also has a cybersecurity team. However no clarification has been given regarding whether this division will be affected. The tech company has reported a 435 billion annual revenue and the company’s CEO, Cristiano Amon got a hefty $23.5 million compensation package.
Qualcomm Lays Off: Growing trend of tech layoffs
Qualcomm is one among many tech companies that have laid off their employees. The lack of job security has made working in the tech industry a gamble. This ‘trend’ of tech layoffs is expected to continue as the years go by. Concerns about AI taking over jobs are also up for debate which could lead to even more layoffs. But there are other factors such as a shift in company priorities or budget cuts. These reasons could lead to people losing their jobs.
Other than the Qualcomm layoffs, tech giants such as Microsoft have also cut down more than 650 jobs from the Xbox division, The layoffs affected the supporting and corporate division. No game development divisions were affected by this layoff. Furthermore, the company has also laid off 1,900 employees from the gaming division, which includes employees from Activision Blizzard, Xbox and ZeniMax.
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