ASML CEO Christophe Fouquet says the company plans to cut 1,700 jobs, or 4% of its workforce, mainly in its Tech and IT organizations; ASML jumps 5%+ pre-market
Sarah Jacob /Bloomberg:NEW
Bloomberg Sarah Jacob
Related Coverage
- Chip equipment maker ASML cuts nearly 4% of staff while trimming 1,700 jobs Reuters
- ASML made record $11.5 billion profit in 2025 thanks to AI-driven demand, plans to cut 1,700 jobs Associated Press
- Shares in Chip-Machine Giant ASML Jump as AI Spending Booms Wall Street Journal · Mauro Orru
- ASML orders beat expectations as company plans 1,700 layoffs DigiTimes
- After record year, ASML is to cut 1,700 jobs, mainly in NL DutchNews.nl
- ASML plans 1,700 job cuts despite record results in 2025 Telecompaper
- ASML posts bumper profits, but to slash around 1,700 jobs Daily Sabah
- ASML Shares Go Bananas After Bookings Bonanza, Job Cuts ZeroHedge News · Tyler Durden
- Europe should be ‘realistic’ about tech sovereignty, says top chips exec Politico · Pieter Haeck
- ASML to lay off employees despite AI chip boom and record high stock price — company to streamline IT and Technology departments, proposed cuts mostly affect leadership roles Tom's Hardware · Jowi Morales
- Amazon to lay off 16,000 employees in latest restructuring effort Proactive · Emily Jarvie
- Layoffs are piling up, heightening worker anxiety. Here are some of the biggest job cuts recently Associated Press · Wyatte Grantham-Philips
- Amazon cuts 16,000 more jobs, bringing total layoffs to 30,000 The American Bazaar · Shubhangi Chowdhury
- ASML's record orders smash forecasts as AI drives chipmaker demand, to lay off 1,700 The Straits Times
- ASML Investors Grill Executives on Outlook Despite Bookings Beat Bloomberg Law · Sarah Jacob
- ASML Q4 orders exceed expectations Taipei Times
Discussion
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@jerrycap
@jerrycap
on x
cutting 1700 jobs during a bubble 🇳🇱
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@zephyr_z9
@zephyr_z9
on x
Interesting 2/3rd of the managers will be eliminated They have nearly 43k employees, and they plan to cut 1400 [image]
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@teortaxestex
@teortaxestex
on x
ASML is purging or reeducating the majority of its eng management personnel. «ASML plans to eliminate approximately 3,000 of its 4,500 management positions in engineering. The expectation is that approximately 1,400 people will be able to move into new engineering roles» [image]
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@dariocpx
@dariocpx
on x
If $ASML has such a great quarter and its order book is exploding, then why will the company cut 1,700 jobs between the Netherlands and the US? - Just highlighting the contradiction here
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@averagedipbuyer
@averagedipbuyer
on x
If I'd be a short-seller, $ASML would be my biggest position by far. Trading at a 57 forward P/E, while struggling to grow revenue in the midst of an “AI revolution”. They're laying off large amounts of people because there is no use for them. They don't know what to do with [ima…
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@effmkthype
@effmkthype
on x
ASML 4Q bookings double estimates then they announce cutting 1700 jobs. awesome.
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NewsMax.com
NewsMax.com
on x
ASML Lifts 2026 Outlook on Record AI Chip Orders
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@byron_wan
Byron Wan
on x
ASML will lay off 1,700 jobs, or 3.8% of the total — mostly in the Netherlands and US and largely at the leadership level. Will any of those 1,700 end up working for Chinese chip equipment makers? https://www.reuters.com/... [image]