Qualcomm layoffs, on the record
Every job cut, severance charge and restructuring Qualcomm reported in its annual reports, 2023 to 2025, quoted from the filings.
Job cuts, severance and restructuring
Our summaryInitiated cost reduction actions in fiscal 2023 that resulted in restructuring and restructuring-related charges, substantially all severance costs, totaling $712 million.
Word for word“Other expenses in fiscal 2023 consisted of $ 712 million in total restructuring and restructuring-related charges (substantially all of which related to severance costs, resulting from certain cost reduction actions committed to in fiscal 2023) and a $ 150 million intangible asset impairment charge related to in-process research and development.” 10-K for 2023
Our summaryInitiated additional restructuring actions in the fourth quarter of fiscal 2023 to enable investments in growth and diversification opportunities, resulting in accrued severance costs, expected to be substantially completed in the first half of fiscal 2024.
Word for word“In the fourth quarter of fiscal 2023, we accrued $385 million of severance costs, substantially all of which is expected to be paid in the first half of fiscal 2024.” 10-K for 2023
Our summaryQualcomm recorded $107 million of restructuring and restructuring-related charges, substantially all severance, within other expenses in fiscal 2024.
Word for word“Other expenses in fiscal 2024 consisted primarily of $107 million in restructuring and restructuring-related charges (substantially all of which related to severance costs) and a $75 million charge related to the settlement of the securities class action lawsuit.” 10-K for 2024
Our summaryQualcomm cited certain restructuring actions taken to fund growth investments as the main reason research and development employee-related costs fell.
Word for word“This was primarily driven by a decrease in employee-related costs as a result of certain restructuring actions taken to fund continued investments in key growth and diversification opportunities, partially offset by higher employee cash incentive program costs.” 10-K for 2024
Our summaryQualcomm recorded restructuring and restructuring-related charges in fiscal 2025, reported as other expenses.
Word for word“Other expenses in fiscal 2025 consisted of $ 39 million in restructuring an d restructuring-related charges.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|
| 2016-09-25 | $159 million | $202 million | $255 million |
| 2017-09-24 | — | $37 million | — |
| 2018-09-30 | $353 million | $687 million | $270 million |
| 2019-09-29 | $62 million | $213 million | — |
| 2023-09-24 | $712 million | $712 million | — |
| 2024-09-29 | $107 million | — | — |
| 2025-09-28 | $39 million | — | — |
Qualcomm has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Qualcomm’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2025-11-05. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.