This is the chipmaker's second round of layoffs over the past year, while the company recorded billions in revenue.

It’s worth mentioning that Qualcomm’s latest decision to lay off hundreds of workers comes less than a year after the brand let go of thousands of workers. In 2023, the company laid off over 1,250 employees. Notably, the smartphone chipset giant recorded $35.8 billion in revenue last year.

Chip giant Qualcomm is reportedly laying off at least 226 employees in the US later this year as part of its business di