Since announcing last week a $225 million loss in the company's third quarter, rumors have run rampant about how many jobs that will cost the Boise-based company. Speculation has run as high as 2,000 jobs in the Boise area alone, but so far, word of only a handful of layoffs has reached the public.
The loss comes in the wake of dropping prices for computer memory chips due to a glut of products on the market. Because of this Micron CEO Steve Appleton, who is stepping down as president, said some job cuts are on the way, although no specific numbers were mentioned. "We expect to have lower levels of employment," Appleton said during a conference call.
According to the Micron Web site, the company currently employs 22,600 people around the world.The last time Micron had mass layoffs was 2003, when 1,800 employees worldwide lost their jobs, including 1,100 in Boise.