Micron to Layoff 10% of Employees and Suspends Bonuses
Micron (NASDAQ: MU), a semiconductor maker, reported disappointing first-quarter earnings Wednesday and simultaneously announced it would be cutting 10% of its workforce. The company’s shares fell over 1% in extended trading. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”MU” api=”yf”] [stock_market_widget type=”chart” template=”basic” color=”orange” assets=”MU” range=”1mo” interval=”1d” axes=”true” cursor=”true” api=”yf” style=”width: 100%; height: 300px;”] The American producer of …
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