Microchip Technology said it will cut around 2,000 jobs, or about 9% of its workforce, as the chipmaker restructures its business to combat slowing demand from automakers, sending its shares up nearly 4% on... — read more 

Look busy.

People are talking, but where's the info coming from?

https://www.globenewswire.com/news-release/2020/11/05/2121565/0/en/Microchip-Technology-Announces-CEO-Transition.html

Still $9B to go for mchp

Microchip Technology cutting 200 to 275 jobs at Colorado Springs plant https://gazette.com/business/microchip-technology-cutting-to-jobs-at-colorado-springs-plant/article_1f4c25fa-28ec-11ea-9c38-fb30b6dbd38d.html

In progress.

And another one gone ...

Microchip used to be a good company to work for. Within the last few years there appears to have been a change in philosophy . As of this week, there have been four individuals laid off between the Chandler and Tempe Arizona sites. All individuals... — read more 

Two of our comeptitors recently had layoffs, not sure but we might be next. Nobody knows, for sure, so please treat this a a layoff rumor and not layoff news or insider information.

If you are with Microchip Technology you know what I am talking about, a lot of people are concerned that our business is soft and that we may have cuts as our peers. Many companies in our industry keep reducing work, and shipping work overseas... — read more