Qualcomm forecast fourth-quarter sales below market expectations on Wednesday and said it would likely cut jobs as consumer spending on gadgets like smartphones remained stubbornly weak amid slowing global economic growth. The San Diego, California-based company said it also expects no further sales to Chinese telecom giant Huawei because it does not have a license to sell 5G chips to Huawei. More broadly in China, a slower-than-expected economic recovery weighed on orders to Qualcomm. Smartphone shipments in the world’s second largest economy were down 5% in the June quarter, Canalys data showed. Qualcomm said its forecast also takes into account…