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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Severe storms begin to pick up Tuesday heading into the evening hours
Skies will begin to turn stormy and unsettled as early as the lunch hour. That's when we expect the first round of storms to develop along the Front Range. For the Pikes Peak Region and I-25 corridor, our main window for severe weather will come between 1-6 pm.
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