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 broader restructuring initiative aimed at addressing the challenges posed by declining demand from the automotive sector.
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Microchip Technology To Layoff 2,000 Employees Amid RestructuringThe company anticipates restructuring costs between $30 million and $40 million, covering cash severance and other related expenses ...
Layoffs have hit companies from Microchip to Meta and Boeing already in 2025 amid a backdrop of cost-cutting and ...
On the same day TSMC said it would spend billions and hire thousands more in Arizona, another computer chip company is ...
Microchip said Monday the 2,000 layoffs will save $80 million to $90 million on an annual basis. In addition to Oregon and ...
JPMorgan keeps an Overweight rating on Microchip (MCHP) with a $70 price target following the company’s business update call. The firm believes ...
The local police department and a nonprofit have paired up in order to facilitate lost pets being reunited with their owners.
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Microchip announces layoffs at Gresham facilityArizona-based Microchips announced it's laying off about 2,000 employees, including employees at its Gresham, Oregon facility ...
Mizuho raised the firm’s price target on Microchip (MCHP) to $68 from $58 and keeps an Outperform rating on the shares following the business ...
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