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 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 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 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 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.
KOIN Portland on MSN1d
Microchip announces layoffs at Gresham facility
Arizona-based Microchips announced it's laying off about 2,000 employees, including employees at its Gresham, Oregon facility ...
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 Electronics11h
Microchip to layoff 2000 due to falling sales and inventory surplus
Microchip Technology has announced plans to lay off workers at its Oregon and Colorado facilities, blaming weak sales and a ...
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 ...
Hosted on MSN1d
Microchip cutting 2,000 jobs, including Gresham positions
Trump, Chip Maker TSMC Expected to Announce $100 Billion Investment in U.S. Suspect pleads guilty in Highland Park mass ...
India Today on MSN12h
Microchip to cut 2,000 jobs, impacting 9% of global workforce
Microchip has reported five straight quarters of declining sales, with fourth-quarter revenue and profits falling below ...
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 ...