Micron May Cut As Many As 2,000 Positions

Micron Technology plans to cut 500 employees (short term) and may reduce as many as 2,000 positions by the end of the fiscal year in line with its decision to close down certain manufacturing operations. Due to deteriorating economic environment and declining demand, the company will phase out 200mm wafer manufacturing operations at its Boise facility, the chip maker said. Micron had earlier announced that it would reduce its global workforce by 15% but the latest job cuts are not included in that figure.