Applied Materials May Cut Up To 15% of Workforce
November 11, 2009
Three analysts are expecting Applied Materials (AMAT: 12.23 -1.05%) to make further cuts to its headcount, cuts which could amount to 15% of the company’s 12,600 or so employees. The Santa Clara company manufactures equipment for the production of semiconductors, an industry that is suffering from sharp declines in CapEx spending.
The company also had lay [...]
Applied Puts Up For Sale 30-Acre Santa Clara Site
September 14, 2009
Applied Materials (AMAT: 12.23 -1.05%) has quietly put up for sale a 30-acre site in Santa Clara. The property is being offered unpriced. It’s an odd time to put the property up for sale considering the fact that they’ve carried it for a long time, including the last boom cycle where the land would have [...]
Read More >>KLA-Tencor Announces Layoffs; 10% of Workforce
March 30, 2009
Milpitas-based KLA-Tencor (KLAC: 28.09 -4.62%) announced today that it is laying off 10% of its workforce, or about 600 employees. The company currently owns or leases over a million square feet of facilities in Milpitas, San Jose, and Santa Clara, with a majority of that owned. In addition to the job cuts, the company also [...]
Read More >>National Semiconductor, Applied Materials Announce Layoffs
November 13, 2008
National Semiconductor (NSM: 14.44 +0.42%) and Applied Materials (AMAT: 12.23 -1.05%) 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. [...]
