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  • October 7, 2026
  • Last Update July 17, 2026 9:28 pm
  • United States of America

No quick fix: Renesas tightens belt with layoffs, pay freeze

No quick fix: Renesas tightens belt with layoffs, pay freeze

Renesas Electronics CEO Hidetoshi Shibata said on March 26 that layoffs and a pay freeze are necessary responses to the prolonged slump in the global semiconductor market. Speaking at an online shareholders meeting, Shibata framed the moves as survival-driven rather than strategic.

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