Get the latest tech news
Infineon to cut 1,400 jobs globally as tech industry layoffs continue
The job cuts come as part of a wider initiative to reduce company expenditure.
"The recovery in our target markets is progressing only slowly,” CEO Jochen Hanebeck said, adding: “Prolonged weak economic momentum has resulted in inventory levels in many areas overlaying end demand.” Duolingo, Unity Software and BenchSci were among the 13 tech companies to conduct layoffs within the first nine days of 2024 that left approximately 2,358 employees out of work. "Infineon to cut 1,400 jobs globally as tech industry layoffs continue" was originally created and published by Verdict, a GlobalData owned brand.
Or read this on r/technology
