Chip equipment vendor KLA-Tencor plans to cut its workforce by up to 10% after sales fell by 11 percent in its most recent fiscal quarter, the company says.
KLA said the workforce reduction, expected to be completed this summer, is being taken in response to changing customer requirements and to direct the company’s resources toward its best opportunities.
KLA (Milpitas, Calif.) reported sales of $738 million for the quarter ended March 31, down from $832 million in the same quarter last year. Sales increased 9% compared with the previous quarter.
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