Microchip Technology restructures: 2,000 layoffs across US and Philippines amidst automotive chip slump

Digitimes
By Jingyue HsiaoMar 3, 2025, 11:18 pm189 ptsTrendingTop
Microchip Technology is undergoing significant restructuring in response to a downturn in the automotive chip market. The company has announced the layoff of approximately 2,000 employees, representing 9% of its total workforce. The layoffs will affect facilities in the US, Philippines, and other locations,…

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