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.
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Two people shot by a Colorado Springs police officer after suspect reportedly pointed rifle at officers
The suspect with the rifle reportedly pointed the gun at an officer who fired multiple shots, injuring a male and female. The people shot were taken to the hospital with non-life-threatening injuries, the third person was taken into custody, an adult male, and is considered a suspect.
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