Europe's most valuable company is laying off 1,700 employees: These are the jobs that will be cut

Dutch chip giant ASML is cutting 1,700 jobs, primarily management roles, to streamline operations and boost engineering focus amidst record revenues. This move, impacting about 4% of its workforce, aims to flatten its organizational structure and create new engineering positions. However, the decision has sparked employee protests and union criticism, citing the company's substantial profits and planned share buybacks.

By TOI TECH DESK