Dutch tech firm ASML says to cut around 1,700 jobs

THE HAGUE: Dutch tech giant ASML said Wednesday that it would lay off around 1,700 people, mainly in management positions, as it shakes up its internal organisation.

“The feedback from our colleagues, our suppliers and our customers shows that our ways of working have, in some cases, become less agile,” said CEO Christophe Fouquet in a statement to staff announcing the changes.

“As a result of these proposed changes, some roles – mainly at the leadership level – may no longer be required,” he said. “At this stage, we believe the proposed changes could ultimately result in a net reduction of around 1,700 positions.”