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Lam Research Corporation Message Board

  • siliconian55555 siliconian55555 Mar 20, 2009 6:04 PM Flag

    Lam Research to cut 375 jobs, or 10% of workforce

    Lam Research to cut 375 jobs, or 10% of workforce
    Wallace Witkowski -- MarketWatch, March 19, 2009 Thursday 5:33 PM EST


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    SAN FRANCISCO (MarketWatch) -- Lam Research Corp. (lrcx) said late Thursday it will cut 375 jobs, or about 10% of its workforce, by the end of the June quarter, according to a filing with the Securities and Exchange Commission. The chip maker said about 225 of the cuts will be in North America, with the remainder in Asia and Europe. The company hopes to save $85 million to $95 million a year with the reductions.

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