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 lay off 2,000 employees
The company will also be shutting down operations at its Arizona chip manufacturing facilities in May, several months earlier than previously expected when the planned closures were announced in December
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 plans layoffs Monday in Oregon and Colorado
Microchip Technology will announce layoffs of factory workers Monday at its plants in Oregon and Colorado as the chipmaker responds to plunging sales.
Microchip Technology To Cut Workforce By 2,000 Employees: Details
Microchip Technology plans restructuring to streamline operations and reduce costs. The company will cut 2,000 jobs, incurring $30-$40 million in restructuring expenses.
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 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 cutting 2,000 jobs, including Gresham positions
Microchip cutting 2,000 jobs, including Gresham positions
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.
The list of major companies laying off staff this year, including Microchip, Starbucks, Meta, and Microsoft
Layoffs have hit companies from Microchip to Meta and Boeing already in 2025 amid a backdrop of cost-cutting and ...
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 ...
New Buy Rating for Microchip (MCHP), the Technology Giant
In a report released yesterday, Vijay Rakesh from Mizuho Securities reiterated a Buy rating on Microchip (MCHP – Research Report), with a price ...
Microchip Technology Inc. stock outperforms competitors despite losses on the day
Microchip Technology Inc. closed 42.38% short of its 52-week high of $100.57, which the company achieved on May 24th.
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