Qualcomm Begins Layoffs in India Amid Workforce Restructuring

Qualcomm has initiated job cuts across its global operations, impacting regions including India. Reports indicate that around 1,000 jobs are at risk as part of a performance-focused workforce reduction announced by CEO Cristiano Amon. Some employees in India have reportedly received termination notices as the company implements these changes. The severance package for affected employees may include two weeks of gross salary as a base payment, plus an additional two weeks for each year of service. Other components may include pro-rated compensation for incomplete years, a lump-sum for health coverage, and an extra month's salary for those who sign severance agreements promptly. This restructuring comes as Qualcomm's costs surge to $332 million, raising concerns about job security in the tech sector.