Based on news reporting.
Applied Materials, Inc. has announced layoffs affecting 4% of its workforce, which translates to approximately 400 employees. This decision comes as part of a broader restructuring effort aimed at improving operational efficiency and adapting to changing market conditions. The layoffs are expected to impact various departments within the company, although specific locations and departments were not detailed in the announcement. The company has indicated that these cuts are necessary to align its resources with current business needs and to enhance its competitive position in the semiconductor industry.
Applied Materials, Inc. cut 400 jobs as of October 1, 2023.
That is roughly 1.1% 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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