Mining strategic information from public company filings
Monday, March 30, 2009
KLA-Tencor 8K - Additional cuts
"On March 30, 2009, KLA-Tencor Corporation in continuation of its efforts to control costs and in response to depressed market conditions, announced that it will reduce the Company's global workforce by approximately 10 percent. This reduction is in addition to the workforce reduction that the Company announced in November 2008. The reduction is one of many cost-saving actions being undertaken by the Company that are designed to help reduce the Company's quarterly non-GAAP operating expenses to a range of $140-145 million per quarter by the end of calendar year 2009."