Location: Global.
Based on news reporting.
Applied Materials, Inc. has announced significant layoffs affecting approximately 2,000 employees globally. This decision comes in response to challenges posed by U.S. export controls, which have impacted the company's operations and market position. The layoffs are part of a broader strategy to streamline operations and adapt to the changing regulatory environment. The company aims to realign its workforce to better meet current market demands and enhance operational efficiency. These layoffs are expected to take effect immediately, marking a substantial reduction in the company's workforce as it navigates these external pressures.
Applied Materials, Inc. cut 2,000 jobs as of October 1, 2023.
That is roughly 5.7% 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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