Based on news reporting.
Applied Materials, Inc. has announced the layoff of 1,444 employees as the company faces challenges due to curbs in the semiconductor industry. This decision reflects the ongoing difficulties in the chip market, which have prompted the company to reduce its workforce significantly. The layoffs are part of a broader trend affecting the technology sector, as companies adjust to changing market conditions. The specific locations and departments impacted by these layoffs have not been disclosed. This move underscores the pressures that semiconductor firms are currently experiencing, leading to substantial workforce reductions.
Applied Materials, Inc. cut 1,444 jobs as of October 1, 2023.
That is roughly 4.1% of the 35,200 people Applied Materials, Inc. employs.
LayoffTalk has tracked 28 layoff events at Applied Materials, Inc. since October 2023, affecting a combined 7,493 employees.
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