Microchip Technology to cut 2,000 jobs

Microchip Technology Slashes More Jobs as Sales Sputter
Microchip Technology is reducing its workforce across manufacturing and corporate operations by about 2,000 as the embattled chip maker looks to cut costs amid declining sales.
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 Technology to cut 2,000 jobs as automotive demand wilts
Microchip Technology said it will cut around 2,000 jobs, or about 9% of its workforce, as the chipmaker restructures its business to combat slowing demand from automakers, sending its shares up nearly 4% on Monday.
Microchip Technology announces layoffs at Oregon, Colorado factories
Microchip Technology will lay off 2,000 workers, including at its facilities in Gresham, Colorado and the Philippines, it said in a filing Monday. News broke Friday of the Arizona-based semiconductor manufacturer's layoff plans. Monday's filing revealed the overall number of job cuts, although it did not break them down by location.
Microchip Technology plans layoffs Monday in Oregon and Colorado
Microchip Technology will announce layoffs of factory workers Monday at its plants in Oregon and Colorado as the chipmaker responds to plunging sales.
Microchip Technology to Lay off 2,000 Employees
Chipmaker Microchip Technology said on Monday it will cut its workforce by about 2,000 employees as it restructures its business. (Reporting by Arsheeya Bajwa in Bengaluru; Editing by Devika Syamnath) Copyright 2025 Thomson Reuters.
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 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 ...
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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 ...
Microchip cyclical bottom may be forming, says JPMorgan
JPMorgan keeps an Overweight rating on Microchip (MCHP) with a $70 price target following the company’s business update call. The firm believes ...
The list of major companies laying off staff this year, including Microchip, Starbucks, Meta, and Microsoft
Layoffs have hit companies from Microchip to Meta and Boeing already in 2025 amid a backdrop of cost-cutting and ...
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Microchip scanning stations for lost pets set up at WPD headquarters
The local police department and a nonprofit have paired up in order to facilitate lost pets being reunited with their owners.
Microchip price target raised to $68 from $58 at Mizuho
Mizuho raised the firm’s price target on Microchip (MCHP) to $68 from $58 and keeps an Outperform rating on the shares following the business ...