Micron Swings to Loss in Latest Quarter, Announces Job Cuts

Micron Technology Inc. swung to a loss in its latest quarter and announced a cost-cutting plan that includes layoffs as the memory chip maker feels the pinch of the soft demand for personal computers.

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Bibliographic Details
Published inDow Jones DBR High Yield
Main Author By Ezequiel Minaya
Format Trade Publication Article
LanguageEnglish
Published New York Dow Jones & Company Inc 30.06.2016
Subjects
Computer industry
Cost control
Electronics industry
Losses
Personal computers
Random access memory
United States > US
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Summary:Micron Technology Inc. swung to a loss in its latest quarter and announced a cost-cutting plan that includes layoffs as the memory chip maker feels the pinch of the soft demand for personal computers.