Onsemi is laying off around 2,400 employees worldwide as part of a restructuring plan to cut operational costs and boost efficiency. The restructuring is expected to save $105 million to $115 million annually, despite initial charges of $50 million to $60 million. This comes amid declining demand for automotive chips and economic uncertainty impacting revenue. Post navigation We have sufficient drinking water, no problem in Karnataka: Deputy CM DK Shivakumar ‘Imposing life-time ban non convicted politicians solely on Parliament’s domain,’ Centre tells SC
