COLORADO SPRINGS — A company that employs around 1,000 people in Colorado Springs notified the state Tuesday that it's planning layoffs.
The company Microchip operates a manufacturing plant off of Cheyenne Mountain Road, which is located near the Broadmoor World Arena.
Microchip, which added 400 jobs in 2024, is laying off 238 people.
WATCH: Technology company adding new jobs in Colorado Springs
According to our news partners at The Gazette, the company is cutting around 2,000 workers worldwide because automakers are buying fewer microchips.
The Gazette's Breeanna Jent contributed to this web story.
___
Colorado Springs students react to Trump's involuntary collection of defaulted student loans
The U.S. Department of Education announced Monday that it will begin collections on defaulted loans starting May 5. We spoke to local students about their feelings on the call.
____
Watch KOAA News5 on your time, anytime with our free streaming app available for your Roku, FireTV, AppleTV and Android TV. Just search KOAA News5, download and start watching.
