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Chipmaker Onsemi will cut another 2,400 jobs; Oregon impact unclear

Summary by The Oregonian

The company employs about 600 in Gresham.

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The Oregonian

Chipmaker Onsemi will cut another 2,400 jobs; Oregon impact unclear

The company employs about 600 in Gresham.

4 days ago·Portland, United States

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Electronic Products & Technology

Onsemi reduces global workforce - Electronic Products & Technology

Scottsdale AZ-based semiconductor manufacturer Onsemi has announced a major restructuring initiative aimed at reducing operational expenses, a move that will see approximately 2,400 employees laid off across its global divisions in 2025. The company disclosed the plan in a filing on Tuesday. The restructuring, which took effect on Monday, is expected to incur costs between $50 million and $60 million, with the bulk of these expenses recorded wit…

3 days ago

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HR Katha

onsemi to trim global workforce by 2,400 this year

US-based chip-manufacturing firm, onsemi is trimming its workforce by 2,400 this year as part of a restructuring and cost-cutting exercise

4 days ago

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Verdict

onsemi to lay off nearly 2,400 employees in 2025

American chipmaker onsemi has announced a restructuring plan that will result in approximately 2,400 job cuts across all business divisions globally this year. In a filing, the company said the restructuring plan approved by management includes cost-cutting measures intended to adjust onsemi’s expenses in response to current business conditions, while maintaining progress toward its long-term financial goals. The company has initiated the plan a…

4 days ago

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