
STMicro Eyes Workforce Cuts of Up to 3,000 in Chip Slump
STMicroelectronics NV is considering reducing its workforce by as much as about 6% through early retirements and attrition, according to people familiar with the matter, as the Franco-Italian chipmaker confronts a prolonged demand slump in the industrial and auto sectors. STMicroelectronics NV is considering reducing its workforce by as much as about 6% through early retirements and attrition, according to people familiar with the matter, as the Franco-Italian chipmaker confronts a prolonged demand slump in the industrial and auto sectors. Bloomberg Technology