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Colorado Springs company notifies state of planned layoffs

A company that employs around 1,000 people in Colorado Springs notified the state Tuesday that it's planning layoffs.

Colorado Springs company notifies state of planned layoffs

By: James Gavato

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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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Northern Lights dazzle in a spectacular display over Colorado

Check this out! If you made your way outside Tuesday evening, you may have noticed a pink or green glow in the sky.

Northern Lights dazzle in a spectacular display over Colorado

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Colorado Springs company notifies state of planned layoffs

WATCH: Technology company adding new jobs in Colorado Springs

Northern Lights dazzle in a spectacular display over Colorado

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