Monday, August 12, 2013

Micron to Cut 5 Percent of Global Workforce

Posted By on Mon, Aug 12, 2013 at 12:29 PM

In the wake of its July takeover of Japanese-based Elpida, Micron Technology confirmed Monday that it would be pink-slipping approximately 5 percent of its global workforce.

A spokesman for Micron confirmed the layoffs, saying the reduction would represent about 1,500 workers from its worldwide payroll.

In a company statement, Micron said it was:

"Continuously assessing its operations to ensure resources are efficiently and effectively alligned. As such, Micron announced internally Aug. 7 a plan of reorganization to further optimize its global workforce. This action will result in a reduction of less than 5 percent of the company’s global workforce through the end of fiscal year 2014."

The company said the cuts would include "a combination of attrition, voluntary separation and reductions," and that the timing would "vary by organization, geography, function and business needs across the company."

In late June, Japan's Nikkei newspaper reported that Boise-based Micron was set to buy bankrupt Japanese chipmaker Elpida Memory for an estimated 200 billion yen ($2.5 billion).

In early May, Micron won the right to negotiate exclusively for Elpida. Reuters reported that Micron could "more than double its global market share."

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