Micron Layoffs
February 2023
Micron announced a layoff affecting 2,400 employees (5% of its workforce) in February 2023. The company operates in the Hardware sector.
2,400
5%
Feb 17, 2023
About
Micron Technology, a major semiconductor manufacturer based in Boise, Idaho, announced in February 2023 that it expects to cut its global workforce by approximately 15%, exceeding its initial December 2022 announcement of a 10% reduction. This adjustment, affecting a company with about 48,000 employees, is a response to a severe market downturn and weakened demand for its DRAM and NAND memory products. The layoffs are part of broader cost-cutting measures, including reduced capital expenditures and executive pay cuts, aimed at aligning the company's operations with challenging 2023 market conditions. The exact number of layoffs at its Idaho headquarters remains unspecified.
Source
View Sourcewww.ktvb.comMore Hardware Layoffs
Report an Error
If you find incorrect information, please let us know so we can correct it.
support@layoffs.nl