Micron will reduce its workforce by 10% next year and take other cost-cutting measures as the computer memory chip maker struggles to deal with too much
Micron will reduce its workforce by 10% next year and take other cost-cutting measures as the computer memory chip maker struggles to deal with too much supply amid a drop in demand FILE - A sign marks the entrance of the Micron Technology automotive chip manufacturing plant on Feb
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Micron layoffs 2022: Chip-maker to cut 10% of its workforce The move comes as Micron reported results for its first quarter of fiscal 2023, which ended on
Virginia Gov
The recent layoffs come after Alzero cut 15% of its workforce earlier this year and 5% in 2022
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MSN Semiconductor maker Micron Technology Inc
11, 2022, in Manassas, Va
The company announced in December that a semiconductor market slowdown would force it to reduce its approximately 49,000-employee workforce by 10%, through a combination of roughly half layoffs and half attrition
Micron CEO 2 min read
In its SEC filing for the company's 2022 fiscal year, Micron reports a total workforce of about 48,000 team members across 38 sites in North America, Europe and Asia
39%
Read Next The company on Wednesday announced a host of cost-cutting measures, including a 10% workforce reduction, aimed at helping it weather a rapid drop in revenue
workers have been laid off since the beginning of November—including 4,800 estimated to be affected by a 10% cut at semiconductor maker Micron this week—as well as 4,000 Listen to this article 5 min
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Micron said it would reduce its workforce by 10% and suspend bonuses in 2023 to lower costs
The company has 48,000 employees, thus putting 4,800 employees at risk