This thread turned out to be 1000% true
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275 cut from fab
Just got the word today... Layoffs are for sure happening at the Colorado Spring's site in mid January.
Best they can tell, turning old Atmel into an R&D facility, moving all mass manufacturing to other facilities. Will cut from about 800 to about 50. With their stock bonus plan due to pay in Feb '20, those layoffs will likely happen by Jan '20.
Any M&A talks?