Applied Materials Implements Global Workforce Reduction Affecting Over 1,400 Positions
Semiconductor equipment giant Applied Materials has initiated layoffs affecting approximately 1,444 employees worldwide. The restructuring comes as the company faces revenue pressures from expanded U.S. export controls and seeks to build “high-velocity, high-productivity teams.”
Global Workforce Restructuring Initiative
Applied Materials, a leading supplier to the semiconductor industry, has reportedly begun notifying employees worldwide about a significant workforce reduction affecting approximately 4% of its global staff. According to company filings, the layoffs impact employees “across all levels and groups” and began implementation on Thursday.