Location: Santa Clara, California, USA.
Based on news reporting.
Applied Materials, Inc. has announced layoffs affecting approximately 1,000 employees as part of a significant restructuring effort that includes a $180 million charge. This decision comes as the company aims to streamline operations and adapt to changing market conditions. The layoffs are expected to impact various departments within the organization, although specific details on the departments affected have not been disclosed. The restructuring is part of a broader strategy to enhance efficiency and maintain competitiveness in the semiconductor industry. The layoffs are set to take effect immediately, reflecting the company's urgent need to adjust its workforce in response to current economic challenges.
Applied Materials, Inc. cut 1,000 jobs as of October 1, 2023.
That is roughly 2.8% 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.
Anonymous by default. Be kind — people reading this may be going through it right now.
Applied Materials, Inc. cut 1,000 jobs on October 1, 2023. Were you affected, or do you know people who were? How was it handled — severance, notice, which teams? You can post anonymously below.
Share your story anonymously — it helps others reading this feel less alone.
Share your story →Recent tracked events at this company.