Despite the massive AI infrastructure build-out and a bumper earnings call on Tuesday, ASML, the only company in the world that manufactures the tools that make the cutting-edge chips that are currently in high demand, announced that it plans to lay off some of its employees. According to the company’s announcement, it’s streamlining its Technology and IT & Data organizations, with the former moving “from a project/matrix setup to one where most of our engineers will be dedicated to a specific product and module.” This reorganization is meant to simplify processes and decision-making throughout the company.
“As a result of these proposed changes, some roles — mainly at the leadership level — may no longer be required,” ASML said in its press release. “At the same time, to retain our engineering capability, we will create new engineering jobs to strengthen existing technology projects and embark on new ones to support our own and our customers’ growth plans. While this will allow some of our impacted colleagues to move to new roles, we have to acknowledge that some will leave ASML as a result.” This isn’t just a minor trim for the two departments, too. Even though ASML still plans on creating roles in Manufacturing, Customer Support, and Sales, it expects to reduce its headcount by 1,700 positions, mostly affecting the Netherlands and the United States.
