Qualcomm layoffs could happen soon, strategic split is also possible

If the latest report from The Wall Street Journal turns out to be true, Qualcomm could be the next big tech giant to look at a strategic split. The company is reportedly in the process of a sweeping review that would look at the possibilities of breaking up into pieces.

In the recent months, Jana partners LLC has been asking Qualcomm to cut costs, repurchase shares at a faster rate, add new members to its board of directors, and explore a break up, after it was revealed it had a $2 billion stake in Qualcomm. The strategic split would see Qualcomm cutting up and separating its chip production business from its patent-licensing arm.

Qualcomm is expected to report its fiscal Q3 results on Wednesday, and according to The Information, the company will lay off around 10% of its global workforce, resulting in 3000 jobs being cut.