Core Viewpoint - To address sales slowdown and trade turmoil, Applied Materials plans to cut 4% of its global workforce, impacting over 1,400 employees [1] Group 1: Company Actions - The company aims to become a more efficient and productive organization through these layoffs [1] - As of July 31, Applied Materials had 36,100 employees, indicating that the layoffs will affect a significant portion of its workforce [1] - The expected cost of the layoffs is between $160 million to $180 million, primarily for severance and one-time termination benefits [1] Group 2: Financial Implications - The company plans to account for most of the layoff costs in the fourth quarter [1] - The layoff plan is set to be completed by the first quarter of fiscal year 2026 [1]