# Qualcomm Global Layoffs Start November

> Qualcomm begins global layoffs in November after annual review, targeting handset revenue decline.
- Title: Qualcomm Global Layoffs Start November · BigGo Finance
- Summary: Qualcomm begins global layoffs in November after annual review, targeting handset revenue decline. Qualcomm will notify affected employees starting November…
- Keywords: qualcomm, apple, s&p 500, philadelphia semiconductor index, ai data centers, handset chips, layoffs, qualcomm employees, fiscal 2027, data center revenue, finance, markets
- Source: BigGo Finance — https://finance.biggo.com/news/24f78b7f-bd81-469b-a2f4-a54e4d2f217f
- Author: BigGo Finance
- Published: 2026-10-20T11:55:10+00:00
- Read time: 1 min
- Topics: qualcomm, apple, s&p 500, philadelphia semiconductor index, ai data centers, handset chips, layoffs, qualcomm employees, fiscal 2027, data center revenue, finance, markets
## Qualcomm Launches Global Layoffs
Qualcomm has launched global layoffs following its annual performance review.
## Notifications Begin November
Affected staff will be notified starting in November 2026.
## Employee Count
Qualcomm had approximately 52,000 employees worldwide as of last September.
## Weak Consumer Demand
Qualcomm faces weak consumer electronics demand and surging memory prices.
## Stock Underperformance
Qualcomm stock up only 1.5% year to date vs S&P 500's 12% gain.
## Apple Revenue Drop
Apple product revenue declined faster than previously estimated.
## Data Center Strategy
Qualcomm expects data center growth to offset lost Apple revenue by fiscal 2027.
## Fiscal 2026 Q3 Results
Handset chip revenue down 20% year over year to $5.1 billion.
## AI Data Center Partnerships
Qualcomm signed multi-year data center agreements with Meta and Amazon.
## Industry-Wide Decline
Global smartphone shipments fell 21% year over year in Q2 2026.
## Automotive and Robotics
Qualcomm launched robotics center in Japan and automotive partnerships with Toyota.
## Key takeaway

Qualcomm will notify affected employees starting November 2026 to address declining smartphone revenue after Apple sales dropped 20%.