ASML Layoffs News: Europe's most valuable tech company ASML is in the news these days for its big decision. The company is preparing for a major change (restructuring), under which about 1700 jobs may be lost. The special thing is that this cut is going to have the biggest impact on middle management level employees. But the question is that when the company is growing rapidly, the earnings are increasing every day. There is a boom of AI, then why are the employees of this company losing their jobs? Know complete details about ASML Layoffs.

Why is ASML making sudden changes?

For some time now, a common complaint has emerged within the company and among its clients, that the working system has become too complex. Due to too many layers (management), there was a delay in taking decisions and the speed of work was also slowing down. To correct this, the company now wants to simplify its structure.

Which ASML employees are most affected by the layoffs?

These positions may be particularly affected by this change, which include- Department Manager, Team Leader and Group Leader, Project Lead, Program Manager, Scrum Master and Product Owner, i.e. those whose role was related to more coordination, they are at greater risk.

Why new recruits amid ASML layoffs?

While on one hand the company is planning to reduce 1700 jobs, on the other hand it is also planning to create about 1400 new engineering jobs. This clearly means that the company is changing its focus instead of removing people. Now more emphasis will be on technical and engineering roles. The company has planned to impose a hiring freeze for about 6 weeks in the summer. However, recruitment will be resumed later in specific areas such as AI, manufacturing and customer support. This change will have an impact at the global level. ASML has approximately 44,000 employees worldwide. Earlier there was talk of layoff of 300 people in America, which has now been reduced to about 185.

What did ASML CEO say about the layoffs?

The company's CEO Christophe Fouquet has made it clear that the company's growth plan is still strong. He told the employees that the company will grow rapidly and there will be a need for people in operations. That means this cut is not a complete downsizing, but a re-organization.

ASML is the only company in the world to manufacture EUV machines.

ASML is the only company in the world that manufactures EUV (Extreme Ultraviolet) machines on a large scale. These machines are the technology that makes advanced chips, which are used in smartphones, computers and AI systems. For this reason, big companies like TSMC and Intel are dependent on ASML.

Is layoff of staff limited to ASML?

Let us tell you that in recent years, layoffs have become a big trend in companies, especially tech companies. Companies like Microsoft, Amazon, Google and Meta have made several layoffs in recent years to reduce management layers and make work more fast and efficient. At present ASML is in talks with its employee representatives and unions. On the basis of this, it will be decided how many jobs will be lost and when will this process be completed.