05:44 PM EDT, 10/23/2025 (MT Newswires) -- Applied Materials ( AMAT ) said late Thursday that it has approved a plan to cut about 4% of its global workforce to boost efficiency and competitiveness.

The company expects $160 million to $180 million in charges, mainly for severance, mostly recognized in fiscal Q4, 2025.

The plan is slated for completion in the Q1 of fiscal 2026, the company said.