© 2024 Boise State Public Radio
NPR in Idaho
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Micron Technology was founded in October 1978 in Boise, Idaho.Micron is one of Idaho’s largest employers with more than 5,000 employees. The company went through a series of layoffs since 2005, when it had nearly 10,000 employees in Idaho.According to the company’s website, Micron has about 20,000 employees worldwide including locations in; California, Virginia, Canada, Puerto Rico, Italy, Scotland, Israel, Paris, Germany, Japan, Singapore, South Korea, China, India and Malaysia.Micron manufactures and markets DRAM, NAND and NOR Flash memory products, computer chips, which are used in everything from computing, networking, and server applications, to mobile, embedded, consumer, automotive, and industrial designs.According to its website, Micron Micron Technology, Inc., became a publicly held company in June 1984. In November 1990, Micron was listed on the New York Stock Exchange (NYSE), where it began trading under the “MU” symbol. Effective December 30, 2009 Micron voluntarily transferred its stock exchange listing from The New York Stock Exchange to the NASDAQ Global Select Market, a market of The NASDAQ OMX Group, (NASDAQ: NDAQ) and continues to trade under the ticker symbol MU.

Micron To Cut 5 Percent Of Its Global Workforce

Micron's Boise headquarters.
Micron Technology
Micron's Boise headquarters.

Officials with Micron Technology Inc. say they are seeking to cut 5 percent of the company's workforce in Idaho and abroad.

The cuts were announced Aug. 7 and come in the wake of Micron's acquisition of a Japanese competitor. The company has about 30,000 employees worldwide — so the rollback could impact 1,500 workers.

Micron spokesman Dan Francisco says the cuts are not related to the purchase of Elpida last month. He says they'll reduce staff by not filling vacant jobs, buyouts and other reductions.

Dave Petso with Petso Financial Consultants in Boise says letters detailing the cuts have been distributed along with severance package offers.

Officials haven't said how many workers at Micron's research and design headquarters in Boise will be affected, but Petso says the cuts appear to be heavy.

You make stories like this possible.

The biggest portion of Boise State Public Radio's funding comes from readers like you who value fact-based journalism and trustworthy information.

Your donation today helps make our local reporting free for our entire community.