Micron Aims to Cut Workforce
BOISE, Idaho (AP) — Officials with Micron Technology Inc. say they are seeking to cut 5 percent of the company’s workforce in Idaho and abroad.
The cuts were announced Aug. 7 and come in the wake of Micron’s acquisition of a Japanese competitor. The company has about 30,000 employees — so the rollback could impact 1,500 workers. Micron spokesman Dan Francisco says the cuts are not related to the purchase of Elpida last month.
He says the reductions include not filling vacant jobs, buyouts and other reductions. Dave Petso with Petso Financial Consultants in Boise says letters detailing the cuts have been distributed along with severance package offers. Officials haven’t said how many workers at Micron’s research and design headquarters in Boise will be affected, but Petso says the cuts appear to be heavy.