semiconductor / news / / Times of India
ASML, the Dutch chip equipment maker, is cutting roughly 1,700 jobs.
ASML is cutting about 1,700 management and coordination roles, not engineering positions.
KEY POINTS
- The layoffs will be offset by creating around 1,400 new engineering roles aimed at flattening the org chart.
- Internal documents list specific management positions targeted, including Project Lead and Release Train Engineers.
- ASML is planning a six-week summer recruitment freeze pending ongoing union negotiations and review.
COMPANIES
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