Microchip Technology said on Monday 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. The company ...

Microchip Technology has announced plans to reduce its workforce by approximately 2,000 employees as part of a broader cost-cutting and restructuring initiative. The US-based semiconductor company ...

Microchip Technology MCHP-2.46%decrease; red down pointing triangle is reducing its workforce across manufacturing and corporate operations by about 2,000 as the embattled chip maker looks to cut ...

Microchip Technology has announced plans to reduce its workforce by approximately 2,000 roles, equating to about nine per cent of its global staff, as part of a strategic restructuring initiative.

The Business Journal has the full story here. Microchip Technology will lay off 2,000 workers, including at its facilities in Gresham, Colorado and the Philippines, it said in a filing Monday.

Microchip plans to cut 2,000 jobs across multiple sites. Microchip expects annual savings of up to $100 million. Feel unsure about the market’s next move? Copy trade alerts from Matt Maley—a ...

Microchip Technology said on Monday it will cut around 2,000 jobs, or about 9 per cent of its workforce, as the chipmaker restructures its business to combat slowing demand from automakers.

Microchip Technology to Cut 2,000 Jobs as Automotive Demand Wilts (Reuters) -Microchip Technology said it will cut around 2,000 jobs, or about 9% of its workforce, as the chipmaker restructures ...

March 3 (Reuters) - Microchip Technology (MCHP.O), opens new tab said it will cut around 2,000 jobs, or about 9% of its workforce, as the chipmaker restructures its business to combat slowing ...

Microchip Technology will announce layoffs of factory workers Monday at its plants in Oregon and Colorado as the chipmaker responds to plunging sales. “At this time, our analysis is still ...

Global microchip revenue hit $627.6 billion in 2024, up 19.1% from 2023. Demand for microchips is rising, driving manufacturers to expand production. Investing in key microchip companies is a ...