Microchip Technology to cut 2,000 jobs

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 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 expectations.
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 to lay off 2,000 employees amid weak automotive demand
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 Chandler, Arizona-based company has been grappling with tepid demand from automotive customers that are struggling to clear existing chip inventory,
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 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 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 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 will lay off 2,000 in Oregon, Colorado and the Philippines
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