STMicroelectronics

STMicroelectronics the European microelectronic is one of the largest companies engaged in the development, manufacture and sale of various semiconductor electronic and microelectronic components.

History and Performance Indicators

2025

2,800 job cuts as earnings plummet

On April 10, 2025, French-Italian chipmaker STMicroelectronics announced a massive reorganization aimed at strengthening competitiveness and ensuring long-term sustainability. Within the framework of the program, over three years, the number of personnel on a global scale will decrease by 2,800 people without taking into account the natural loss of employees.

The company intends to carry out job cuts on a voluntary basis. The changes are focused on building an advanced production infrastructure and accelerating innovation. At the same time, technological research and development, chip design and large-scale production in Italy and France will continue to play a central role in the global operations of STMicroelectronics.

French-Italian chipmaker STMicroelectronics announces 2,800 job cuts as revenue plummets

The planned layoffs of employees will occur mainly in 2026 and 2027. The company emphasizes that, in addition to reducing the number of personnel, the requirements for the qualification of employees will change. STMicroelectronics plans to focus efforts on process management, automation and design. The result of the changes is expected to be significant cost savings and increased efficiency of production operations. The ultimate goal of the company is to strengthen its position as a world leader in the field of semiconductor chips.

In 2024, STMicroelectronics received revenue of $13.27 billion. This is 23.2% less than the result for the previous year, when the figure was $17.29 billion. The negative dynamics is due to a significant decline in the industrial sector and, to a lesser extent, in the automotive sector. The company's net profit on an annualized basis decreased by 63% - from $4.21 billion to $1.56 billion.^[1]

6% staff reduction

In January 2025, it became known about the decision of STMicroelectronics to reduce the number of jobs by 2-3 thousand people, which corresponds to up to 6% of the company's staff. Cuts can affect Italy and France, through early termination of contracts and staff turnover. The Italian government, which owns 27.5% of the company, aims to minimise the impact of restructuring on the country's workforce. The authorities are planning a dialogue with representatives of workers to minimize the consequences of the personnel purge.

2019: Among the largest companies in the semiconductor industry by revenue

2018: Among the largest IT companies in Europe

2017

As of 2017, the company is headquartered in Geneva, and its holding company STMicroelectronics N.V. is registered in Amsterdam. However, the company is historically associated with Italy and France, where it significantly interacts with the market. The company has representative offices in the USA, China and Japan.