Qualcomm has announced plans to lay off 226 employees in San Diego, effective the week of November 12, as part of its business diversification strategy. The layoffs will affect workers across 16 facilities, including the headquarters, though it remains unclear if the cybersecurity team will be impacted. A spokesperson emphasized that these cuts are aligned with the company's strategy to optimize investments and resources amid new opportunities. This follows a previous layoff of over 1,250 workers less than a year ago, despite the company reporting $35.8 billion in revenue for 2023. The announcement coincides with a broader trend in the tech industry, where over 60,000 jobs have been cut in 2024 alone, with companies like Cisco also making significant layoffs.