ASML firing 1700 people, mostly managers https://www.asml.com/en/news/press-releases/2026/strengthening-focus-on-engineering-and-innovation ( https://www.ed.nl/binnenland/asml-kondigt-1700-ontslagen-a...
if it is not a financial issue, then why fire so many people? LOL.
They changed their tone recently. Instead of telling the press AI has resulted in job loss, now they are saying those people were not "culturally" fit. They are doing this because AI is getting bad and negative press, and it bothers them when social media tags their CEOs and company handles, or reputed media shows how big tech is replacing tech workers with AI. So they changed the narration to keep stock UP! That is what I think
They changed their tone recently. Instead of telling the press AI has resulted in job loss, now they are saying those people were not "culturally" fit. They are doing this because AI is getting bad and negative press, and it bothers them when social media tags their CEOs and company handles, or reputed media shows how big tech is replacing tech workers with AI. So they changed the narration to keep stock UP! That is what I think