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.

The Wall Street Journal reported Friday that San Diego-based wireless giant Qualcomm has approached Intel about a possible takeover of the ailing chip maker.

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

Qualcomm is preparing to lay off 226 employees at its San Diego facilities later this year, with job cuts scheduled to take effect during the week of November 12, 2024.

The Wall Street Journal reported Friday that San Diego-based wireless giant Qualcomm has approached Intel about a possible takeover of the ailing chip maker.

Chipmaker Qualcomm has said that it will lay off 226 workers in San Diego later in the year. A California WARN notice first published the news this week stated that the layoffs will take effect on November 12.

Known for producing smartphone chips, the company, however, has not specified which departments will be affected by the latest round of layoffs. The San Diego Union-Tribune first reported on the layoffs.