Micron announces layoffs, cost cutting as chip demand drops
(Local News ~ 12/29/22)
BOISE, Idaho (AP) _ Micron will reduce its workforce by 10% next year and take other cost-cutting measures as the computer memory chip maker struggles to deal with too much supply amid a drop in demand. Micron CEO Sanjay Mehrotra announced the restructuring during during a quarterly conference call with investors Wednesday, noting that prices for computer memory products had ``deteriorated significantly'' in recent months, Boise television station KTVB reported...
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