Layoffs: Microchip Technology To Cut 2,000 Jobs Amid Restructuring, Cost Saving

Technology

⚡Layoffs: Microchip Technology To Cut 2,000 Jobs Amid Restructuring, Cost Saving

By Kalpeshkumar Patelia

Layoffs: Microchip Technology To Cut 2,000 Jobs Amid Restructuring, Cost Saving

Microchip Technology, a US-based semiconductor company will lay off employees and shut down a manufacturing facility due to slow demand from the automotive industry. The Microchip layoffs will affect 2,000 employees.