Qualcomm is preparing to lay off 226 employees across 16 facilities in San Diego, including its headquarters, starting the week of November 12. This move is part of a larger strategy to realign resources towards new business opportunities.

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

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.

Chip giant Qualcomm is reportedly laying off at least 226 employees in the US later this year as part of its business diversification strategy.