Layoffs: Renesas to Layoff Less Than 5% of Global Workforce Amid Sluggish Demand for Its Chips

Technology

⚡Layoffs: Renesas to Layoff Less Than 5% of Global Workforce Amid Sluggish Demand for Its Chips

By Team Latestly

Layoffs: Renesas to Layoff Less Than 5% of Global Workforce Amid Sluggish Demand for Its Chips

Renesas, a Japanese chipmaker is reportedly planning to lay off around 1,000 employees due to decreased demand for its chips.