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ASML Holding plans to cut about 1,700 jobs, mainly across technology and IT.

Most of the job reductions will take place in the Netherlands, with some in the U.S.,

and will largely affect those in management and leadership.

The cuts represent roughly 4% of ASML's workforce.

The CFO said in a call with reporters that ASML has a complex organization, often requiring excessive coordination.

Roger Dasen added that the changes are aimed at streamlining operations so that engineers can be engineers again.

The announcement was made as ASML reported its fourth quarter results.

The company had a huge fourth quarter.

New orders hit a record 13.2 billion euros, which is about $16 billion, nearly double what

analysts were expecting.

For all of 2025, ASML made $32.7 billion in sales, or about $39 billion, which was 16% more than 2024.

Looking ahead, ASML now expects 2026 sales to land between 34 and 39 billion euros, roughly $41 to

$47 billion, and that's higher than previous guidance. ASML is up 5% in

pre-market action after gaining nearly 3% on Tuesday. C3 AI is up 16% in pre-market action after the

information reported that the AI company is in talks to merge with automation anywhere.

The report said, citing people familiar with the discussions if the deal goes through,

automation anywhere would acquire C3 AI and go public as part of the transaction.

C3AI is an enterprise AI application software company whose shares have plunged nearly 62% over the past year,

pressured by declining financial performance and uncertainty around its strategy and leadership.

According to the report, Automation Anywhere developed software that automates repetitive functions

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