Microchip Technology Slashes More Jobs as Sales Sputter

Microchip Technology MCHP 3.05%increase; green up pointing triangle is reducing its workforce across manufacturing and corporate operations by about 2,000 as the embattled chip maker looks to cut costs amid declining sales.

The Arizona-based semiconductor company said Monday that the cuts will be at its Fab 4 facility in Gresham, Oregon and its Fab 5 facility in Colorado Springs, Colorado as well as at a facility in the Philippines.