Introduction: On December 12th, according to American media Bollynside, according to information submitted by companies to the California Department of Employment and Development (EDD), ADI (Adno) and Flex (Weichuangli) will lay off 142 jobs in the near future.
According to data, four San Francisco Bay Area technology companies will lay off 350 employees, with analog IC giant ADI (Adno) having the largest scale and cutting 111 positions, and electronics foundry Flex (Weichuangli) cutting 31 positions.
Among them, all 111 people laid off by ADI this time are located in the Rio Robles office building in the north of San Jose. The layoffs are expected to take effect from January 12 to February 2, 2024. And Weichuangli's layoff plan will take effect on January 6th.
Recently, after acquiring cloud computing company VMware for $69 billion, Broadcom announced that it will significantly lay off 2800 employees and listed "economy" as the reason for layoffs.

According to ADI's Q4 financial report released on November 21, revenue decreased by 16% annually to $2.72 billion due to the continued high semiconductor inventories. Among them, only automotive revenue is growing, with a year-on-year increase of 14% to 730 million US dollars, and automotive accounts for 27% of the overall revenue. Industrial application revenue accounts for about 50% and is the largest source of revenue, but Q4 revenue decreased by 20% year-on-year.
The CEO of ADI stated, "The weakness in the industrial sector has expanded and affected all segmented markets, except for the aerospace and defense sectors."
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