The tech industry’s layoffs and hiring freezes: all of the news
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Micron will cut 10 percent of its workforce next year.
The chipmaker announced the plan as part of its earnings report on Wednesday, saying the reduction would come from “a combination of voluntary attrition” and layoffs throughout 2023. The company also won’t be doing bonuses next year and says that executive salaries will be cut too.
Micron recently reported it has 48,000 employees, according to CNBC, meaning around 4,800 positions could be affected.
Like Intel, which has planned its own layoffs, Micron is investing billions in building new US fabs.
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