Micron Technology (Nasdaq:MU), a memory chip maker and storage solution provider, announced layoffs late last year when it announced it would cut 10 percent of its workforce, and will remain cautious in spending in 2023 in anticipation of challenges in the semiconductor market. According to the layoffs announced at the time, Micron’s round of layoffs would affect nearly 5,000 employees, and Micron had about 48,000 employees worldwide at the time, and the layoffs would cost $30 million. According to the latest reports, the layoff plan announced by Micron last year is expected to be completed by the end of this month, and their employees will also be significantly reduced.