Onsemi (NASDAQ:ON) layoffs are a hot topic on Friday as the semiconductor company has announced plans to cut 1,000 jobs.A statement from Onsemi notes that these cuts will be global as it looks to reduce costs and streamline operations. This also has it closing down several sites, including its South Portland location, while asking around 300 employees to relocate.The reason for these changes is the slowing demand for electric vehicles (EVs). The company’s chips are used in EV drive trains to assist drivers. ...