The HRTech Wire

Qualcomm layoffs severance package: 3 months' salary, extra payout based on years of service & one more mo

Qualcomm has reportedly begun layoffs in India that could affect about 1,000 staff, or 5–6% of its local workforce, starting in Bengaluru and extending to Hyderabad, Delhi-NCR and Chennai. Reports say exiting employees may get three months' salary plus a tenure-linked payment, and an extra month if they sign separation papers within three days. Qualcomm has not publicly confirmed the severance terms; CEO Cristiano Amon announced a global restructuring on October 20 that the company describes as performance-focused.