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US based chipmaker Qualcomm is reportedly planning major job cuts in India as part of its global workforce reduction. More than 1,000 employees in the country could be affected, creating fresh concerns among tech professionals.
The company is planning to reduce its workforce following an internal review. Qualcomm CEO Cristiano Amon reportedly informed employees about the planned cuts in an internal communication sent in October.
India could face a major impact as Qualcomm has around 20,000 employees in the country. The company has several major engineering and research centres in Bengaluru, Hyderabad, Chennai and Delhi NCR.
The layoffs are expected to affect employees across different levels. Industry analysts estimated that more than 1,000 Indian employees could lose their jobs. However, Qualcomm has not officially confirmed the exact number of layoffs.
Qualcomm is also facing some challenges in its smartphone chip business, with handset revenue reportedly dropping 26% in the September quarter compared to last year. The company is now looking to expand into areas like AI and data centres instead of depending too much on the smartphone market.
