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Story summary
- Qualcomm announced global job cuts aimed at building a stronger performance culture.
- CEO Cristiano Amon said layoff notifications will begin in November.
- The memo did not disclose how many of the roughly 52,000 employees will be affected.
- The cuts follow a slump in smartphone-chip demand caused by soaring memory prices.
- Qualcomm expects data-centre and other non-handset businesses to offset lost revenue by fiscal 2027.