Chipmaker Qualcomm lays off hundreds of workers in San Diego

Qualcomm will lay off 226 employees in San Diego in the week of November 12, according to a California WARN notice, following larger layoffs last year; while the company’s headquarters has a cybersecurity presence, it’s unclear if that team is affected. The company cited alignment with its diversification strategy, reported $35.8 billion in 2023 revenue, and CEO compensation of $23.5 million, with secure contact options provided for affected employees.