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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.

Hosted on MSN · 5h

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.

Live Mint on MSN · 20h

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.

OregonLive.com on MSN · 1d

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,

The Business Journals · 1d

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.

Layoffs coming at Microchip plant in Gresham

An update coming on March 3 "will include some layoffs in Oregon and Colorado Springs, and possibly other sites," the ...

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.

New Electronics16h

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 ...

Hosted on MSN1d

Microchip cutting 2,000 jobs, including Gresham positions

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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 ...