Thndr Claps » U.S. Claps » Tech 📲 » Job cuts for Micron in 2023 ❌
The ClapMicron (NASDAQ:MU) plans to cut 10% of its workforce in 2023 after forecasting a bigger-than-expected loss for the fiscal Q2 2023.
WhatThe company expects that profitability will be difficult during 2023, due to a mismatch between supply and demand.
Micron is forecasting 62 cent loss per share plus or minus 10 cents, significantly higher than analysts’ expectations of a 30-cent loss per share.
So WhatA very challenging economic environment has caused many businesses headaches, forcing cost cuts and disrupting entire industries.
Now WhatMicron will significantly scale down CAPEX investments in 2023.
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