Applied Materials approved a workforce reduction plan on October 23, 2025 and said approximately 4% of its global workforce is expected to be impacted.

1. 01

   Applied Materials approved a workforce reduction plan on October 23, 2025 and said approximately 4% of its global workforce is expected to be impacted.

2. 02

   The company said it expects to incur charges of approximately $160 million to $180 million, consisting primarily of severance and other one-time employment termination benefits to be paid in cash, and other non-cash related charges.

3. 03

   Applied expects to recognize most of these charges in Q4 of fiscal 2025 and to complete the plan in Q1 of fiscal 2026, depending on local legal requirements and in consultation with employee works councils and other employee representatives, as applicable.

4. 04

   The company said it began notifying impacted employees around the world starting on October 23, with timing varying by country due to local requirements. President and Chief Executive Officer Gary E. Dickerson wrote in an email to employees that less than 4% of the total global workforce is expected to be impacted.

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Original filing

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