Qualcomm, the global leader in smartphone chipsets, has announced plans to lay off 226 employees at its San Diego facilities as part of a broader business diversification strategy. The layoffs, which were disclosed in a California Worker Adjustment and Retraining Notification (WARN) notice, will take effect on November 12.

The job cuts will affect employees at 16 different Qualcomm facilities in San Diego, including the company’s headquarters, though it remains unclear if the cybersecurity division will be impacted. Qualcomm stated that these layoffs are part of routine business adjustments aimed at aligning resources and investments with growth opportunities.

A Qualcomm spokesperson said, “Our leading technology and product portfolio has positioned us to execute on our diversification strategy. As part of a normal course of business, we prioritize and align our investments, resources, and talent to ensure we are optimally positioned to take advantage of the unprecedented diversification opportunities in front of us.”

This is not the first round of layoffs for Qualcomm in recent years. In 2023, the company let go of over 1,250 employees as it faced financial challenges. Qualcomm generated $35.8 billion in revenue that year but has struggled with the changing demands in the tech industry.

Qualcomm joins other major tech companies that have also resorted to significant job cuts in 2024. Cisco, another tech giant, plans to cut 5,600 jobs later this year, after already laying off 4,000 workers in February. Across the industry, over 60,000 jobs have been affected by layoffs across 254 companies in 2024 alone, according to Layoffs.fyi.

These layoffs follow the global tech industry’s broader trend of cost-cutting and restructuring as companies adapt to shifting market dynamics. Notable companies such as Google, Microsoft, Tesla, Amazon, and TikTok have also announced layoffs, reflecting the tough conditions that many tech firms face as they navigate post-pandemic challenges and fluctuating consumer demand.