Santa Clara, California-based Applied Materials, a developer, manufacturer, and repair service for the equipment, software, and solutions used to make semiconductor chips, flat panel displays, and other electronics, has announced a 4% reduction in force, including 14 vice presidents.
The reduction will impact approximately 1,400 employees, including 350 layoffs in California's Bay Area.
CEO Gary Dickerson noted, “Automation, digitalization and geographic shifts are redefining our workforce needs and skill requirements. Now, at the end of the fiscal year, the company will take one coordinated workforce action, across all levels and groups, to accelerate implementation of these plans, while providing for appropriate and fair transition benefits for affected employees.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life, nor promises of a bright future. We see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, at any time, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?