Micron Technology, Inc. has announced plans to cut about 5 percent of its global workforce on the heels of a major corporate purchase.
Company officials say the cuts are designed to optimize its workforce and are not directly related to its buyout of the Japanese firm Elpida.
However, Dave Petso with Petso Financial Consultants in Boise said the buyout likely prompted the handout of pink slips. Petso says letters detailing the cuts have been distributed company wide along with severance package offers.
“It appears to be pretty heavy here,” Petso said, describing the number of layoffs in the greater Boise area.
Micron spokesman Dan Fransisco confirmed the cuts on Monday morning, saying the reduction would affect less than 5 percent of the company’s 30,000 member global workforce through the fiscal year 2014.
That’s roughly 1,500 workers.
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