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Yangtze Memory kicks terminated workers out of apartments

Chinese state-owned chipmaker also slashing payrolls 5% to 10%

Yangtze Memory Technologies has more than 10,000 employees globally.

Chinese state-owned chipmaker Yangtze Memory Technologies is slashing payrolls by 5% to 10% and kicking terminated employees out of their company-subsidized apartments in Wuhan, according to several employees.

The Wuhan-based flash chipmaker joined the global list of tech companies cutting their workforces in mid-January. The globally integrated circuit industry is in a downturn, and Yangtze Memory is among companies affected by U.S. sanctions on China's semiconductor industry.

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