It’s worth mentioning that Qualcomm’s latest decision to lay off hundreds of workers comes less than a year after the brand let go of thousands of workers. In 2023, the company laid off over 1,250 employees. Notably, the smartphone chipset giant recorded $35.8 billion in revenue last year.

This is the chipmaker's second round of layoffs over the past year, while the company recorded billions in revenue.

Qualcomm is preparing to lay off 226 employees across 16 facilities in San Diego, including its headquarters, starting the week of November 12. This move is part of a larger strategy to realign resources towards new business opportunities.