Micron falls as the chipmaker announces big workforce reduction and gives dismal outlook

Dec 22 2022 by Business Insider

 
Micron Technology's hard drive for data center customers is presented at a product launch event in San Francisco

Reuters

Micron stock fell on Thursday after announcing plans for a big workforce reduction and giving weak guidance. Fiscal first-quarter results released late Wednesday also missed Wall Street forecasts. The chipmaker has been hit by ongoing supply-chain issues and weaker demand amid a tough macro environment.

Micron Technology stock fell on Thursday after the chipmaker announced a...

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