Qualcomm Sets For Major Layoffs, To Cut 10 Percent Of Staff

San Diego-based Qualcomm is set to announce major layoffs, according to multiple reports, which say the chipmaker is planning to cut more than 10 percent of its workforce. The layoffs are expected to be announced during Qualcomm's earnings call. Qualcomm has not officially announced the layoffs yet, which are expected to hit from 3,000 to 4,000 employees.