This US-based auto chipmaker cuts 2,000 jobs as demand slows down
Microchip Technology will cut 2,000 jobs, about 9% of its workforce, due to slowing demand and plans to close its Arizona factory. The company expects significant cost reductions despite incurring up to $40 million in layoff-related expenses.
Microchip Technology will cut 2,000 jobs, about 9% of its workforce, due to slowing demand and plans to close its Arizona factory. The company expects significant cost reductions despite incurring up to $40 million in layoff-related expenses.
