Despite AI chip boom and record high stock price, ASML to lay off employees — company to streamline IT and Technology departments, proposed cuts mostly affect leadership roles
by editors@tomshardware.com (Jowi Morales) from Latest from Tom's Hardware on (#735MT)
ASML announced that it's cutting around 1,700 positions - mostly at the leadership level - to streamline its operations. Its Technology and IT & Data organizations will be hardest hit by the planned layoffs.