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 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 will lay off 2,000 in Oregon, Colorado and the Philippines
Microchip Technology detailed plans Monday to lay off 2,000 more workers across the company as it responds to steeply falling sales. The Oregonian/OregonLive reported last week that the Arizona-based chipmaker planned layoffs at its factories in Gresham and Colorado Springs,
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 announces layoffs at Oregon, Colorado factories
But in a presentation to investment analysts, CEO Steve Sanghi said Microchip was "doing a slightly smaller layoff" at Gresham while maintaining rotating, two-week time-off periods for workers for two more quarters.
Microchip Technology restructures: 2,000 layoffs across US and Philippines amidst automotive chip slump
Microchip Technology is undergoing significant restructuring in response to a downturn in the automotive chip market. The company has announced the layoff of approximately 2,000 employees, representing 9% of its total workforce.
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 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 CEO clarifies details behind layoffs at Fab 4 in Gresham
Microchip Technology will lay off 2,000 workers in Gresham, Colorado and the Philippines. It employs about 850 at its Gresham facility, which it calls Fab 4.
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