Market Chatter: Qualcomm to Cut Jobs Globally After Annual Employee Reviews

07:35 AM EDT, 10/20/2026 (MT Newswires) -- Qualcomm (QCOM) will begin cutting jobs worldwide in a "performance-focused reduction" after it concludes its annual employee reviews, Reuters reported Tuesday, citing a memo sent by Chief Executive Cristiano Amon to staff that it viewed. Notifications are expected to begin in November, but the number of impacted jobs was not specified, Reuters reported. Qualcomm didn't immediately reply to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)