Based on news reporting.
ON Semiconductor Corporation, also known as Onsemi, has announced plans to cut 9% of its workforce as part of a restructuring effort. This decision reflects the company's strategy to streamline operations and adapt to changing market conditions. The exact number of employees affected has not been disclosed, and specific details regarding the timeline for these layoffs are yet to be determined. The restructuring is part of Onsemi's broader initiative to enhance efficiency and focus on key growth areas. Further information on the locations or departments impacted has not been provided.
ON Semiconductor Corporation cut 2,400 jobs.
That is roughly 8% of the 30,000 people ON Semiconductor Corporation employs.
LayoffTalk has tracked 8 layoff events at ON Semiconductor Corporation since October 2023, affecting a combined 733 employees.
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Estimated figure based on news reporting. Not yet confirmed by ON Semiconductor Corporation.
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