Microchip Technology to lay off 2,000 employees
The layoffs will affect its Fab 4 facility in Gresham, Oregon; Fab 5 facility in Colorado Springs, Colorado; and its backend manufacturing site in the Philippines.
Microchip Technology announces layoffs at Oregon, Colorado factories
Microchip Technology will lay off 2,000 workers, including at its facilities in Gresham, Colorado and the Philippines, it said in a filing Monday. News broke Friday of the Arizona-based semiconductor manufacturer's layoff plans. Monday's filing revealed the overall number of job cuts, although it did not break them down by location.
Microchip Technology layoffs: Chipmaker to cut 2000 jobs and closes several plants
Microchip Technology plans to cut 2,000 jobs, about 9% of its workforce, due to declining automotive demand. The restructuring will cost $30-$40 million, with expected annual savings of $90-$100 million from operations and additional $25 million from employment cuts.
Microchip Technology To Layoff 2,000 Employees Amid Restructuring
The company anticipates restructuring costs between $30 million and $40 million, covering cash severance and other related expenses
Microchip to lay off 2,000 workers, moves up Valley factory closure
On the same day TSMC said it would spend billions and hire thousands more in Arizona, another computer chip company is pulling back and issuing layoffs.
Microchip Technology Slashes More Jobs as Sales Sputter
Microchip Technology is reducing its workforce across manufacturing and corporate operations by about 2,000 as the embattled chip maker looks to cut costs amid declining sales.
Microchip Technology to cut 2,000 jobs as automotive demand wilts
Microchip Technology said it will cut around 2,000 jobs, or about 9% of its workforce, as the chipmaker restructures its business to combat slowing demand from automakers, sending its shares up nearly 4% on Monday.
Microchip will lay off 2,000 in Oregon, Colorado and the Philippines
Microchip said Monday the 2,000 layoffs will save $80 million to $90 million on an annual basis. In addition to Oregon and ...
The Colorado Springs Business Journal18h
Colorado Springs facility included in Microchip’s workplace reduction effort
Microchip Colorado Springs facility included in Microchip’s workplace reduction effort The Chandler, AZ-based chip maker is ...
Microchip Technology Layoffs: Semiconductor Giant to Cut 2,000 Jobs Amid Weak Automotive Demand
Microchip Technology, a leading US-based semiconductor company, has announced plans to lay off approximately 2,000 employees, accounting for 9% of its global workforce. The decision comes as part of a ...
Electronics Weekly14h
Microchip to lay off 2,000 people
Microchip is to lay off 2,000 people representing 9% of its workforce because of weak automotive demand. In December of last ...