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Applied Materials to Lay Off 4% of Workforce Amid Automation Push

10/26/2025

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Summary

Story summary

Applied Materials Inc. announced on October 23 it would cut about 4% of its global workforce.
Gary Dickerson, CEO of Applied Materials Inc., cited automation and digitalization as reasons for the layoffs.
The company expects one-time severance charges of $160 million to $180 million and plans to complete the reductions by the first quarter of fiscal 2026.
The move reflects broader tech-industry trends with Meta and Amazon cutting jobs while investing in AI.

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Story summary

Applied Materials Inc. announced on October 23 it would cut about 4% of its global workforce.
Gary Dickerson, CEO of Applied Materials Inc., cited automation and digitalization as reasons for the layoffs.
The company expects one-time severance charges of $160 million to $180 million and plans to complete the reductions by the first quarter of fiscal 2026.
The move reflects broader tech-industry trends with Meta and Amazon cutting jobs while investing in AI.