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No quick fix: Renesas tightens belt with layoffs, pay freeze

Chiang, Jen-Chieh, Taipei; Levi Li, DIGITIMES Asia 0

Credit: AFP

Renesas Electronics CEO Hidetoshi Shibata said on March 26 that layoffs and a pay freeze are necessary responses to the prolonged slump in the global semiconductor market. Speaking at an online shareholders meeting, Shibata framed the moves as survival-driven...

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