{"id":911236,"date":"2025-03-04T11:07:11","date_gmt":"2025-03-04T05:37:11","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=911236"},"modified":"2025-03-04T11:07:11","modified_gmt":"2025-03-04T05:37:11","slug":"microchip-technology-layoffs-chipmaker-to-cut-2000-jobs-and-closes-several-plants","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/03\/04\/microchip-technology-layoffs-chipmaker-to-cut-2000-jobs-and-closes-several-plants\/","title":{"rendered":"Microchip Technology layoffs: Chipmaker to cut 2000 jobs and closes several plants"},"content":{"rendered":"<p>Microchip Technology has announced plans to reduce its workforce by approximately 2,000 roles, equating to about nine per cent of its global staff, as part of a strategic restructuring initiative. The move comes in response to weakening demand from the automotive sector, which has been struggling to clear existing semiconductor inventory.<\/p>\n<p>The Chandler, Arizona-based chipmaker has faced significant challenges over the past year, with its stock value plummeting by more than 36 per cent due to sluggish demand from automotive customers. As a result, the company is taking decisive steps to streamline operations and curb expenses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Microchip Technology has announced plans to reduce its workforce by approximately 2,000 roles, equating to about nine per cent of its global staff, as part of a strategic restructuring initiative. The move comes in response to weakening demand from the automotive sector, which has been struggling to clear existing semiconductor inventory. The Chandler, Arizona-based chipmaker has faced significant challenges over the past year, with its stock value plummeting by more than 36 per cent due to sluggish demand from automotive customers. As a result, the company is taking decisive steps to streamline operations and curb expenses.<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-911236","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/911236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=911236"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/911236\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=911236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=911236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=911236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}