Qualcomm's Job Cuts Aim For Performance Boost

Qualcomm is on a job-cutting spree! CEO Cristiano Amon revealed that starting in November, the company will trim its workforce to boost performance after a tough review. With around 52,000 employees, Qualcomm is feeling the heat from sluggish smartphone sales and rising memory prices. Amon emphasizes the need for the right skills in the right roles as they pivot towards AI and data centers.