Europe's biggest technology company ASML is cutting thousands of jobs and reason CFO says is feedback that the company has complex …
Europe's tech giant ASML is cutting 1,700 jobs, primarily in technology and IT, to simplify its complex organization and boost efficiency. Despite this, the company reported its 13th consecutive year of sales growth, driven by strong demand for AI infrastructure. ASML anticipates continued expansion in 2026, exceeding market expectations.
Europe's tech giant ASML is cutting 1,700 jobs, primarily in technology and IT, to simplify its complex organization and boost efficiency. Despite this, the company reported its 13th consecutive year of sales growth, driven by strong demand for AI infrastructure. ASML anticipates continued expansion in 2026, exceeding market expectations.
