Chipmaker STMicro to Cut 5,000 Jobs in Next 3 Years, Says CEO

Chipmaker STMicro to cut 5,000 jobs in next 3 years, says CEO

Of the 5,000, 2,000 employees will leave the Franco-Italian chipmaker due to attrition. Read more at straitstimes.com.

STMicro to cut 5,000 jobs in next 3 years, says CEO

“STMicro Plans to Cut 5,000 Jobs in Next 3 Years, CEO Confirms”

In a recent announcement, Carlo Bozotti, CEO of STMicroelectronics, confirmed that the company will be reducing its workforce by 5,000 employees over the next three years. This decision comes as part of a larger restructuring plan aimed at improving the company’s profitability and competitiveness in the semiconductor industry. Bozotti stated that the job cuts will primarily affect the company’s manufacturing operations in Asia and Europe, as wel…

STMicroelectronics to reduce 5,000 employees in three years - TelecomLead

STMicroelectronics plans to reduce its workforce by 5,000 employees over the next three years as part of its ongoing cost-cutting strategy, according to CEO Jean-Marc Chery. The downsizing includes 2,800 job cuts previously announced, with the remaining reductions expected through attrition and voluntary departures. STMicroelectronics job In April, STMicroelectronics reported margin pressure in the first quarter of 2025, with revenues falling 27…

Italy to strengthen STMicro, not tear it apart, Minister says

Italy intends to strengthen embattled semiconductor company STMicroelectronics NV, a joint venture with France, Industry Minister Adolfo Urso said.