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Stock impact report

Bay Area semiconductor testing company to lay off more than 200 workers [Los Angeles Times (CA)]

FormFactor, Inc. (FORM) 
Last formfactor, inc. earnings: 2/5 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.formfactor.com
The Livermore-based company plans to shutter its Baldwin Park facility and cut 113 jobs there on Jan. 30, according to a layoff notice sent to the California Employment Development Department this week. Its facility in Carlsbad is scheduled to close in mid-December later this year, which will result in 107 job losses, according to an earlier notice. Technicians, engineers, managers, assemblers and other workers are among those expected to lose their jobs, according to the notices. The company offers semiconductor testing equipment, including probe cards, and other products. The industry has been benefiting from increased AI chip adoption and infrastructure spending. FormFactor is among the employers that have been shedding workers amid more economic uncertainty. Companies have cited various reasons for workforce reductions, including restructuring, closures, tariffs, market conditions and artificial intelligence, which can help automate repetitive tasks or generate text, imag Show less Read more
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