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The company just announced plans to slash 2,000 jobsroughly 9% of its workforcetargeting its fabs in Oregon and Colorado, along with backend operations in the Philippines. On top of that, it's accelerating the shutdown of its Arizona chip manufacturing plant, now set to close in May, months earlier than expected. These cuts are expected to save Microchip between $90 million and $100 million annually, as it scrambles to manage excess inventory and its fifth straight quarter of revenue declines.Microchip is betting that these cost-cutting measures will help stabilize its business, but the near-term outlook remains rough. Automotive chip demand is still sluggish, and bloated inventory levels aren't helping margins. Investors will be watching closely to see if these moves actually translate into financial reliefor if this is just another painful chapter in a tough semiconductor cycle.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/microchips-2-000-job-bloodbath-164735234.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["LU1548497426.USD","BK4512","LU1720051108.HKD","BK4588","BK4529","LU0348723411.USD","LU1983260115.SGD","LU1720051017.SGD","BK4141","BK4604","BK4585","LU2357305700.SGD","LU2087625088.SGD","LU0353189763.USD","LU0353189680.USD","LU0342679015.USD","BK4605","MCHP"],"gpt_icon":0},{"id":"2516597632","title":"Analysts Have Conflicting Sentiments on These Technology Companies: Check Point (CHKP) and Microchip (MCHP)","url":"https://stock-news.laohu8.com/highlight/detail?id=2516597632","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2516597632?lang=en_us&edition=fundamental","pubTime":"2025-03-03 22:40","pubTimestamp":1741012810,"startTime":"0","endTime":"0","summary":"Analysts have been eager to weigh in on the Technology sector with new ratings on Check Point (CHKP – Research Report) and Microchip (MCHP – Resear...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/blurbs/analysts-have-conflicting-sentiments-on-these-technology-companies-check-point-chkp-and-microchip-mchp-2?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/blurbs/analysts-have-conflicting-sentiments-on-these-technology-companies-check-point-chkp-and-microchip-mchp-2?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["LU2357305700.SGD","LU0950375773.USD","IE00BN0W2T93.GBP","BK4097","BK4529","BK4512","IE00BN0W2W23.USD","MCHP","LU2506951875.HKD","LU2087625088.SGD","BK4588","LU1983260115.SGD","BK4604","LU2506952170.USD","LU2286300806.USD","LU0994945656.USD","LU0426417589.USD","LU0353189763.USD","LU0823417737.USD","SG9999015986.USD","BK4605","LU0353189680.USD","SG9999015952.SGD","LU1121112475.USD","IE00BN0W2V16.EUR","SG9999015978.USD","BK4141","LU1699723380.USD","BK4585","LU0426412945.USD","LU0823417653.USD","SG9999015945.SGD","LU0348723411.USD","LU1548497426.USD","LU1043141123.HKD","LU2506951958.HKD","LU1720051017.SGD","CHKP","LU2506952097.USD","LU1043141396.HKD","LU0342679015.USD","LU1720051108.HKD"],"gpt_icon":0},{"id":"2516634330","title":"Microchip Exec Says - Fiscal 2025 Is a Significantly Larger Down Year - Conf. 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March 3  - U.S. companies have initiated layoffs across sectors as they attempt to streamline operations amid economic uncertainties, following similar cutbacks seen last year.The Labor Department's Job Openings and Labor Turnover Survey, or JOLTS report, from early February showed vacancies were down 1.3 million over the year at the end of December, while remaining above the 2019 average, suggesting that the labor market was slowing down but not abruptly.Here are some of the companies that have announced job cuts so far in 2025:Sector Company Layoffs/Job Cuts % of Total Workforce Consumer and Retail. Bio Rad BIO.NUnknown5%* UnitedHealth was offering employees in its benefits operations unit the option to accept buyouts in February, and may pursue layoffs if the resignation quota is not met, according to a CNBC report.  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In December, Microchip said it would close its Fab 2 facility in Tempe, Arizona. It expects to shut down those manufacturing operations in May and the facility and equipment will be sold.Microchip expects the latest cuts to save the company about $90 million to $100 million every year once fully implemented.At the time, Chief Executive Steve Sanghi said the company r","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["MCHP"],"gpt_icon":0},{"id":"2516801446","title":"BRIEF-Microchip Technology Announces Additional Restructuring Actions","url":"https://stock-news.laohu8.com/highlight/detail?id=2516801446","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2516801446?lang=en_us&edition=fundamental","pubTime":"2025-03-03 20:21","pubTimestamp":1741004518,"startTime":"0","endTime":"0","summary":"BRIEF-Microchip Technology Announces Additional Restructuring ActionsMarch 3 (Reuters) - 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