ASML workers still in the dark seven weeks after 1,700 management cuts announced — cuts represent 4% of its global workforce

ASML employees are still uncertain about potential job losses seven weeks after the company announced 1,700 management cuts, representing 4% of its global workforce. The cuts target management roles in technology and IT departments, with 1,400 positions in the Netherlands and 300 in the U.S. ASML aims to finalize reorganization terms by April 1, potentially offering affected employees new engineering positions. Unions have raised concerns about the timing of the cuts amid the company's expansion plans, including the construction of a second campus in the Netherlands to accommodate 20,000 new employees.