ON Semiconductor(US:ON) 国芯网·2025-02-26 04:49Core Viewpoint - The article discusses the challenges faced by ON Semiconductor, including a significant workforce reduction and declining financial performance due to market demand downturns, while emphasizing the company's commitment to long-term strategic goals and innovation [2][3]. Financial Performance - ON Semiconductor reported Q4 2024 revenue of $1.73 billion, a year-over-year decline of 14.6%, falling short of market expectations by $30 million [2]. - The company's earnings per share were $0.95, below the anticipated $0.97 [2]. - The gross margin for Q4 was 45.2%, down from 46.7% the previous year, attributed to increased cost pressures and a competitive pricing environment [2]. Workforce Reduction - The company plans to lay off approximately 2,400 employees globally, which is expected to save between $105 million and $115 million annually [2]. - The layoffs are a response to decreased market demand and revenue, aimed at reallocating resources to essential projects amidst rapid industry changes [2]. Strategic Focus - CEO Eel emphasized that despite the market downturn, the company remains committed to its long-term strategy, maintaining financial discipline, and streamlining operations [3]. - The focus will be on delivering high-value, differentiated smart power and sensing solutions to strengthen the company's position [3].