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Core Viewpoint - STMicroelectronics is expected to see 5,000 employees leave over the next three years, including 2,800 layoffs announced earlier this year, due to ongoing market challenges and cost-cutting measures [1][2]. Group 1: Employee Reductions - The CEO of STMicroelectronics, Jean-Marc Chery, indicated that approximately 2,000 employees will leave through natural attrition, bringing the total voluntary departures to 5,000 [1]. - Earlier in April, STMicroelectronics announced plans to cut 1,000 jobs in France due to voluntary departures, while negotiations with Italy were still ongoing [2]. - Italian unions expressed that the announcement of 1,200 layoffs at the Agrate factory in Lombardy was "unacceptable" and called for urgent discussions with the Italian government [2]. Group 2: Market Conditions and Financial Outlook - Chery noted signs of market recovery this year, which contributed to an 11.1% increase in the company's stock price, closing at €24.94, marking the largest single-day gain since March 2020 [2]. - The company has outlined a cost-cutting plan aimed at saving hundreds of millions of dollars by 2027, which includes layoffs and early retirements [1]. Group 3: Government Relations and Speculations - The Italian government, which, along with France, holds a 27.5% stake in STMicroelectronics, has expressed dissatisfaction with the company's management and accused it of insider trading, which the company denies [1]. - Italian Industry Minister Adolfo Urso denied rumors regarding the potential splitting of STMicroelectronics, labeling such reports as "groundless" [2].