ASML workers still in the dark seven weeks after 1,700 management cuts announced — cuts represent 4% of its global workforce

ASML.

Employees at ASML still don't know whether they will lose their jobs, some seven weeks after the Dutch chip equipment maker announced plans to cut 1,700 management roles alongside record full-year revenue of €32.7 billion. The cuts target management positions in ASML's technology and IT departments, with 1,400 roles going in the Netherlands and 300 in the United States, representing roughly 4% of the company's global workforce.

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