Onsemi to cut nearly 2,400 jobs this year in restructuring push
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Onsemi is planning a restructuring that will lead to the layoff of approximately 2,400 employees globally in 2025 to reduce operational costs.
February 25, 2025 | 10:30 pm
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Onsemi is restructuring to cut costs, resulting in 2,400 job cuts globally by 2025. This move is part of a broader strategy to improve operational efficiency.
The restructuring plan indicates Onsemi's focus on reducing operational costs, which could improve profitability. The market may react positively to the cost-saving measures, leading to a potential short-term increase in stock price.
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