Analog Devices Layoffs 2022: Targeted Job Cuts at Chip Conpany

Analog Devices Inc. layoffs will involve targeted Silicon Valley job cuts, but the chip maker's staff reductions are small compared to overall company headcount.

by Joe Panettieri • May 1, 2022

Analog Devices Inc. ($ADI) layoffs will involve 61 job cuts in Milpitas, California, on June 24, the Silicon Valley Business Journal reported.

The pending job cuts surface after Analog Devices acquired Maxim Integrated Products for $21 billion in July 2020. Analog is preparing to move its Silicon Valley operations to Maxim’s former San Jose headquarters.

Still, the job cuts appear to be highly targeted. Analog Devices had nearly 25,000 employees as of October 2021, according to the company’s annual report, Silicon Valley Business Journal noted.

The overall Analog Devices business remains in growth mode. The company’s CAGR (compound annual growth rate) should be between 7% and 10%, according to an April 5, 2022, statement.

See all technology industry layoffs for 2022 listed here.

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Analog Devices Layoffs 2022: Targeted Job Cuts at Chip Conpany

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