Applied Materials Cuts 1000
Santa Clara-based Applied Materials said Tuesday that the company plans to cut approximately 1000 positions, or 7% of the firm's workforce. The firm said it expects to record a charge of approximately $20M for the cuts. The firm's President and CEO, Mike Splinter, said the move was part of efforts "focused on improving operational efficiencies and the cost structure" of the company's businesses.
posted on Tuesday, January 15, 2008
Related companies:
Applied Analysis Inc.
Related stories:
> Applied Materials Cuts 1800
> Applied Materials Buys Photovoltaics Firm
> Applied Materials Taps SunPower For Solar Install
> Applied Materials Buys HCT Shaping Systems For $475M
> Applied Materials Buys Semitool For $364M
silicontap.com Home