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

Smartphone chipset giant Qualcomm has announced that it will lay off 226 employees in San Diego later this year. The layoffs are part of the company’s business diversification strategy. Qualcomm’s upcoming layoffs of hundreds of workers in the region were announced in a California Worker Adjustment and Retraining Notification (WARN) notice.

Qualcomm is preparing to lay off 226 employees across 16 facilities in San Diego, including its headquarters, starting the week of November 12. This move is part of a larger strategy to realign resources towards new business opportunities.