Location: China.
Department affected: R&D and support functions.
Based on news reporting.
Micron Technology, Inc. has begun layoffs in China, affecting approximately 300 employees as the company exits the mobile NAND market. This decision comes as part of a broader restructuring strategy aimed at adapting to changing market conditions and reducing operational costs. The layoffs are part of Micron's efforts to streamline its operations and focus on more profitable segments. The company has faced challenges in the memory chip sector, prompting this workforce reduction. The layoffs are effective immediately as Micron adjusts its business strategy in response to market demands.
Micron Technology, Inc. cut 300 jobs affecting its R&D and support functions team as of October 1, 2023.
That is roughly 0.6% of the 48,000 people Micron Technology, Inc. employs.
LayoffTalk has tracked 3 layoff events at Micron Technology, Inc. since October 2023, affecting a combined 800 employees.
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