ON Semiconductor to lay off 475 workers to cut costs [MarketWatch]
ON Semiconductor Corporation (ON)
Last on semiconductor corporation earnings: 2/3 06:00 am
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Source: MarketWatch
ON Semiconductor Corp. said late Thursday it was laying off 475 employees as part of a cost-savings measure. The chip maker, which employs nearly 35,000 people worldwide, said the "targeted cost reductions are structural in nature and are not expected to impact the Company's ability to respond to a significant recovery in demand." Severance costs are expected to be $43 million to $47 million over the first and second quarters with the reductions saving about $65 million to $70 million a year. ON shares rose 2% after hours, following flat trade during the regular session to close at $13.73.
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ON
News
- onsemi and Innoscience Announce Plans to Collaborate to Speed Global Rollout of GaN Power PortfolioGlobeNewswire
- Morgan Stanley Lifts PT on ON Semiconductor (ON) Stock [Yahoo! Finance]Yahoo! Finance
- ON Semiconductor (NASDAQ:ON) had its price target raised by analysts at Morgan Stanley from $55.00 to $56.00. They now have an "equal weight" rating on the stock.MarketBeat
- onsemi Announces $6 Billion Share Repurchase AuthorizationGlobeNewswire
- ON Semiconductor: Stabilizing Margins And A Reasonable Entry Point (Upgrade) [Seeking Alpha]Seeking Alpha
ON
Earnings
- 11/3/25 - Beat
ON
Sec Filings
- 12/4/25 - Form 4
- 12/4/25 - Form 144
- 12/3/25 - Form 144
- ON's page on the SEC website