National Semiconductor, Applied Materials Announce Layoffs

National Semiconductor (NSM: 14.88 0.00%) and Applied Materials (AMAT: 12.63 0.00%) both announced layoffs today. National is cutting about 5% of its workforce, or 330 employees. Applied Materials is cutting about 12%, or about 1,800 employees.

Semiconductors have been struggling for sometime as a slowdown in consumer spending hits demand for National Semi and Applied’s demand. I think it will be a matter of time before we see other layoff announcements ripple across the semiconductor industry.

Similar Posts:

• Applied Materials May Cut Up To 15% of Workforce
• KLA-Tencor Announces Layoffs; 10% of Workforce
• Sony, Novellus Announce Layoffs
• Bank of America Announces Job Cuts; 35,000 Over Next 3 Years
• Layoff Announcements; Expo San Jose Store Closing