Other Events ·
Applied Materials has announced a workforce reduction plan affecting approximately 4% of its global headcount to…
AMATApplied Materials Inc
Applied Materials has announced a workforce reduction plan affecting approximately 4% of its global headcount to enhance organizational productivity and competitiveness. The company expects to incur between $160 million and $180 million in one-time charges, with most of these costs to be recognized in the fourth quarter of fiscal 2025. This restructuring is intended to position the company for long-term growth, though it will create a near-term headwind to earnings.