From Yahoo Finance: 2025-06-05 17:41:00

STMicroelectronics N.V. CEO plans to cut 5,000 jobs in next 3 years, with 2,800 layoffs already announced. Talks with local authorities causing implementation delays. French and Italian governments have 27.5% stake. Cost-cutting initiative aims to save hundreds of millions by 2027 through workforce reduction, including voluntary departures.

Italian government opposes further job cuts at STMicroelectronics N.V. Market declines and CEO-targeted insider trading accusations add pressure. Reports suggest push to limit cuts to 1,000. STM stock potential noted, but other AI stocks considered to have higher returns with limited downside risk.

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Read more: STMicro Will Eliminate 5,000 Jobs in the Next Three Years, Says CEO