The employees have been told of a coming layoff. They will be called into the office and will be offered a pay cut. They will take the pay cut or be laid off. They will also take some of their 1/2 pay from them. I guess they are trying to make Atmel look good. .
This is one sorry board. There are more stock advertisements than posts about Atmel and Microchip. I guess everybody sold their stock and has moved on. I think of Jeff like the old Miller Lite Commercial. The majority of the board was Taste Great and Jeff was less filling.
I'm sorry I forgot this site is all about money. I thought there might be somebody who would want to talk about what's going to happen to the buildings and employees of Atmel. I guess this board is about selling loser stocks now.