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NEWS TAGGED LAYOFFS
Tuesday 18 February 2025
Trump's tariff shift fuels market uncertainty and forces cost cuts in the notebook industry
The tariff approach of US President Donald Trump seems to be hindering the recovery of the notebook market, prompting brand vendors to explore various strategies for reducing costs...
Monday 17 February 2025
SiC golden era dims as price wars, weak EV demand weigh on market
Leading silicon carbide (SiC) manufacturers, including STMicroelectronics, Onsemi, Infineon Technologies, and Wolfspeed, posted dismal financial results, fueling concerns that the...
Friday 24 January 2025
Nissan to cut 9,000 jobs globally as restructuring efforts accelerate amid Honda merger talks
Nissan Motor plans to cut approximately 9,000 jobs worldwide as part of a major restructuring effort, according to reports from Kyodo and Nikkei Asia. More than...
Friday 17 January 2025
Global auto supply chain faces profit pressures: are more layoffs looming in 2025?
The global automotive supply chain faced widespread layoffs as mainstream and emerging suppliers struggled with sustained low-profit margins in 2024. With no clear signs of recovery,...
Thursday 9 January 2025
Renesas to reduce workforce, freeze salary amid weak non-AI chip demand
Renesas Electronics has announced plans to cut several hundred jobs across its global operations. The company informed employees of these measures before the end of 2024, while also...
Thursday 2 January 2025
Arm China reportedly lays off employees from the CPU department ahead of year-end
A recent report has revealed that the CPU department under Arm China, a Chinese chip IP designer and service provider, has started laying off employees. The department consists of...
Tuesday 31 December 2024
2024 review: China chip and auto sector reshaped by self-sufficiency efforts and US sanctions
The year 2024 saw intensifying US-China tech tensions amid sweeping US sanctions and China's economic challenges, including weak demand, declining foreign investment, and widespread...
Wednesday 18 December 2024
Gogoro faces leadership shakeup, layoffs, and delisting concerns
Taiwanese electric scooter maker Gogoro's challenges this year have been mounting. It has faced prolonged scrutiny over production origins, and in September, founder Horace Luke departed,...
Monday 16 December 2024
Taiwan's solar dreams dim as manufacturers face perfect storm
Sino-American Silicon (SAS)'s recent move to "prepay" vacation days at its Yilan solar cell plant has exposed deeper fractures in Taiwan's once-promising solar manufacturing sector,...
Thursday 12 December 2024
Europe's electrification challenges: refinancing becomes a new dilemma in 2025
The European automotive supply chain encountered significant hurdles in 2024 as electrification demand fell short of expectations, leading to low investment returns and widespread...
Friday 6 December 2024
Asian players eye opportunities as European, US automotive suppliers downsize
Major tier-1 automotive suppliers in Europe and the US are conducting layoffs amid disappointing electric vehicle (EV) demand, potentially creating opportunities for their Asian counterparts...
Thursday 5 December 2024
Chinese Arm-based server IC design house reportedly cutting jobs amid TSMC's 7mm chip supply halt
Recent reports indicate that Hongjun Microelectronics Technology, a Chinese Arm server processor IC designer, is undergoing significant layoffs. Industry insiders suggest this may...
Tuesday 3 December 2024
European auto layoffs ripple across supply chains as Chinese EV makers face setbacks
The European automotive supply chain faces deepening turmoil, with industry giants like Bosch, Valeo, and Ford announcing extensive layoffs. These developments underscore the ongoing...
Thursday 28 November 2024
Funding cuts, layoffs, and reorganization common in China's competitive chip industry
In 2024, major Chinese semiconductor businesses continue to announce closures or severe layoffs, according to industry sources. Xiangdixian Computing Technology, commonly referred...
Tuesday 19 November 2024
Wolfspeed fires CEO amid EV slowdown
Wolfspeed's board has announced the dismissal of CEO Gregg Lowe, effective at the end of November. Lowe, who has led the semiconductor company since 2017, will be replaced by Board...
Research Report Database
Samsung expands mobile phone production beyond Asian countries, says DIGITIMES Research
SLMs to increase presence in GenAI business opportunities, says DIGITIMES Research
Generative AI market to reach US$1.5 trillion by 2030 with Taiwan holds hardware advantage; software and services to see promising future, says DIGITIMES Research