Navitas Semiconductor to reduce headcount by 14% in cost-reduction plan
The Fly

Navitas Semiconductor to reduce headcount by 14% in cost-reduction plan

The company also announced a cost-reduction plan that is expected to save $2M per quarter and streamline the organization with increased focus on AI data center, EV and mobile applications, accelerating the company’s path to profitability. The plan includes a 14% reduction in headcount, or approximately 45 employees.

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