This US-based semiconductor manufacturer to layoff 2,400 employees
Onsemi is laying off around 2,400 employees worldwide as part of a restructuring plan to cut operational costs and boost efficiency. The restructuring is expected to save $105 million to $115 million annually, despite initial charges of $50 million to $60 million. This comes amid declining demand for automotive chips and economic uncertainty impacting revenue.
Onsemi is laying off around 2,400 employees worldwide as part of a restructuring plan to cut operational costs and boost efficiency. The restructuring is expected to save $105 million to $115 million annually, despite initial charges of $50 million to $60 million. This comes amid declining demand for automotive chips and economic uncertainty impacting revenue.
