Micron Cutting Boise JObs

300 to 400 people in the Treasure Valley are set to lose their jobs at Micron, but why?!

Micron's CEO, Mark Durcan, says the company needs to cut Micron' s workforce in Boise by 7.5 percent.

According to KTVB, layoffs at Micron started over a decade ago, back in 2005.

Mark Duran says lower selling prices for computer memory products are to blame and that the cut in jobs combined with other cost-slashing measures will save the company over $300 million in the 2017 fiscal year.

Micron's stock has also been tumbling recently.

A spokesperson for Micron released a statement that in part said, "Micron is pursuing these actions to ensure the company continues to be competitive and well-positioned for the future."