ASML Announces Managerial Job Cuts Amid Restructuring

The chip industry's most important company is cutting managers. This doc shows how.

ASML CEO Christophe Fouquet with a model of the company's bus-sized EUV machine. Bloomberg/Getty Images Internal docs obtained by Business Insider show which roles European chip giant ASML is proposing to cut. ASML announced plans to cut 1,700 jobs in January in an effort to slash bureaucracy. The company is planning a six-week summer recruitment freeze, the company confirmed to Business Insider. Europe's most valuable company is getting in on Big Tech's great managerial flattening. Interna...