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Pastimes : Layoff Totals for US Companies -- Ignore unavailable to you. Want to Upgrade?

To: Shawn Donahue who wrote (8046)	11/11/2009 9:11:58 PM
From: Joe S Pack	Read Replies (1) \| Respond to of 8051

Applied Materials to cut 1,300 to 1,500 jobs Applied Materials 4Q net income falls 40 pct, cuts 1,300 to 1,500 jobs * On 6:24 pm EST, Wednesday November 11, 2009 SANTA CLARA, Calif. (AP) -- Applied Materials Inc. said Wednesday that fiscal fourth-quarter net income fell by 40 percent and announced it would cut 1,300 to 1,500 jobs to save money as it grapples with a business downturn. The chip equipment maker said the job cuts represent 10 to 12 percent of its global work force and are part of a restructuring plan to save $450 million a year. That's in addition to the $460 million in cost cuts it achieved in fiscal 2009, which ended Oct. 25. .... finance.yahoo.com